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

© 2016 Bloomberg Finance LP

Most cross-border payments are done through the Society for Worldwide Interbank Financial Telecommunication, or Swift, a Belgian organization started in 1973 that counts 11,000 financial institutions as members. But its legacy system has inefficiencies. Because few banks are connected directly to each other, a payment that originates in Kansas City and is bound for Nairobi might have to stop at banks in New York and London before reaching its final destination, with each bank extracting a fee.

HODLAGUY Ps. How can someone with nearly no followers be a fud boy? Blocked him early stage as dont wanna waste time or nrg on him

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Uber's European rival Bolt enters London market, againEstonia's Bolt, which until early 2019 was called Taxify, will on Tuesday r... Imagine if Sky Australia finds out about this marketing potential for their Bolt😂😂 ooooh please bolt come to NYC because uber uber_NYC deletes you if you dare to even ask them a question Uber_Support oh yes lets not forget a driver who has no gas and vomit in the car uber is not cool They named their company after a Chevrolet
Source: Reuters - 🏆 2. / 97 Read more »

These stocks may be winners as the globalization trend reversesNames like Visa, Mastercard and PayPal are well positioned in an ongoing trade war and slowing globalization, according to Morgan Stanley.
Source: CNBC - 🏆 12. / 72 Read more »