Jump to content
Sign in to follow this  
Venom

Visa Enters The $125 Trillion Global Money Transfer Market With New Blockchain Product

Recommended Posts

Quote

Visa seems to do everything on a massive scale. Last year, it moved $11.2 trillion over its payment rails across more than 200 countries for purchases ranging from cups of coffee to cars. Now it’s eyeing an even bigger market: cross-border, business-to-business (B2B) transactions, where banks transfer money on behalf of corporate customers. Visa says it’s entering a $125 trillion market and using distributed ledger technology—software where transactions must be confirmed by multiple computers on a network to be considered final—to make these payments faster, cheaper and more transparent.

https://www.forbes.com/sites/jeffkauflin/2019/06/11/visa-targets-swift-with-new-blockchain-product-for-global-money-transfers/#11f46e7d3daa

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

×