Visa Rolls Out Distributed Ledger-Based B2B Connect
Cryptovest
Published Oct 23, 2018 03:46AM ET
Updated Oct 23, 2018 05:01AM ET
Visa Rolls Out Distributed Ledger-Based B2B Connect
Digital payments provider Visa Inc (NYSE:V). is gearing up for the official launch of its B2B Connect in the first quarter of 2019. Visa B2B Connect is a distributed ledger-based platform intended to provide financial institutions with a fast, secure and straightforward way to process cross-border business-to-business payments across the globe.
Visa Business Solutions global head Kevin Phalen commented :
"With B2B Connect, we're developing a new way for businesses to make cross-border, high-value payments – fixing broken processes and breaking down geographic barriers along the way. B2B Connect will facilitate payments for financial institutions for a variety of industry verticals, including supply chain, trade, institutional banking and more.”
The company explained that B2B Connect offers a digital id...
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