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

  • 📰 Forbes
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  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 53%

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Visa is launching a blockchain product to help businesses transfer money faster and more cheaply

© 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.

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 /  🏆 394. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

oh I really like forbes for such the news. visa was always the best payment system and it is a fact. visa & blockchain has to be boom!

the new era comes. the cryptoera comes. if even visa understands that blockchain has too much pros and is needed fo sure.. nothing to add here I'm proud of Visa

MMohamedAbshir SenatorAbshir huseinabshir

I would like to propose a small change. one=one.1

when Ripple ?

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