Visa launches DLT-based cross-border payments platform
Visa has officially launched B2B Connect, its distributed ledger-based, non-card platform for high-value corporate, cross-border payments.
Now, the platform is live, covering more than 30 global trade corridors, with the goal of expanding into as many as 90 markets by the end of the year.
Visa has inked deals with FIS and Bottomline Technologies to bring the platform to bank clients as it seeks to take on interbank funds transfer network Swift and other emerging challengers such as Ripple.
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