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At our company based in Sydney, Australia, we are trying to bring the cheque back into limelight again using mobile and of course, using cryptography & Blockchain technology! The cheque as a payment instrument is actually quite interesting but instead of paper cheque, we are thinking digital tokenized cheque! We are talking to a bank in Bangladesh to pilot this. UK being so progressive in Blockchain technology, I am a bit surprised that they are going the "image" route!

We have recently (November 2016) done a POC by sending a digital cheque as a remittance from a Middle Eastern bank to a bank in Bangladesh in near real time (url = http://prwire.com.au/pr/64530/pioneering-experimental-demonstration-of-blockchain-technology-integrated-paysha-digital-commerce-platform-by-hashkloud-pty-ltd-Australia)!

And having the cheque as a digital cheque there is the added bonus which is, you can cash the cheque many times, i.e. if you want only partial payments now you can do that and the remaining amount still remained as a new digital cheque and that also never expires (because it lives in the digital world). Anyway, let’s see if this works out well!