- Card provider giant Visa has announced it is launching a blockchain-based payment platform.
- B2B connect has been worked on over the years behind scenes, which will be available initially to just corporate, with scope to role out to private clients.
Household card provider, Visa has recently announced that they are launching a blockchain-based payment platform called B2B connect. The company has behind scenes been working on the development of the project for a number of years.
An official representative from Visa detailed that B2B Connect is a solution for the delayed payment processing systems in the current financial industry. By implementing the blockchain, Visa will facilitate instant transactions while also recording them on a ledger if needs be.
It is noted that this payment method is designed for corporate clients, but its performance will be evaluated a month or two with testing, to determine if Visa will launch it on the retail level as well.
BEST BROKERS TO TRADE CRYPTO
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.