Visa has released its payment network Visa B2B Connect. Well-known partners such as IBM contributed to the distributed-ledger solution tailored to business customers and banks.
Did Ripple beat the last hour?
The credit card company Visa has announced the launch of its Blockchain solution for business customers. “B2B Connect” is intended to accelerate cross-border transfers between banks and their business customers worldwide. Among other things, this should be made possible by the elimination of an intermediary – a central advantage of blockchain and distributed ledger technology. An important role is played by the ability to transfer digital identities via B2B Connect forgery-proof. Visa B2B Connect integrates the Enterprise Solution Hyperledger from the Linux Foundation. With Bottomline Technologies and Fidelity International Services (FIS), Visa has also been able to attract well-connected payment service providers in advance.
Visa sees B2B Connect as the “foundation for a service that has the potential to transform cross-border payments”. That’s exactly what Californian crypto company Ripple Labs is trying to do, with its ripple network targeting inter-bank trading as well.
image by Shutterstock
TheBitcoinNews.com – Bitcoin News source since 2012
Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. TheBitcoinNews.com holds several Cryptocurrencies, and this information does NOT constitute investment advice or an offer to invest.
Everything on this website can be seen as Advertisment and most comes from Press Releases, TheBitcoinNews.com is is not responsible for any of the content of or from external sites and feeds. Sponsored or guest posts, articles and PRs are NOT always flagged as this. Expert opinions and Price predictions are not supported by us and comes up from 3th part websites.
Advertise with us : Advertise
Post source: Visa B2B Connect – a trump against Ripple?