Visa Shows its B2B Payments Blockchain Platform at Money20/20 – Finance Magnates

Visa is working with blockchain outfit Chain to build the new platform.

At Money20/20 conference, Visa Inc. will preview and show off details of its B2B Connect project, a new platform that the card giant is developing to give financial institutions a fast and secure way to process B2B payments globally.

Visa is working with blockchain outfit Chain to build the new platform using Chain Core, a blockchain infrastructure that facilitates financial transactions on private blockchain networks.

Visa B2B Connect, which competes with interbank funds transfer networks such as Swift and Ripple, is designed to improve business-to-business payments by providing a near real-time notification and finality of payment combined with an immutable system of record over a permissioned private blockchain.

More at: Visa Shows its B2B Payments Blockchain Platform at Money20/20 – Finance Magnates

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