Visa Launches Global Cross-Border Network Based on Certain Aspects of Blockchain
Bitcoin and blockchain moving into the mainstream and people’s everyday lives by the day …
” United States’ payment giant Visa has launched a cross-border payment network derived from some aspects of blockchain technology, Reuters reports June 11.
The network, called “Visa B2B Connect,” is designed to facilitate international payments made by global financial institutions by enabling direct interbanking transactions between businesses and beneficiaries.
According to the report, the network already covers 30 trade channels worldwide to enable faster and cheaper cross-border payments, and is expected to expand to 90 markets by the end of 2019. ”