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.

$V should buy $SQ it will have the perfect synergy

Mounia_NL Just wait until we all use crypto and don’t have to pay anyone fees but they will be an extreme amount faster, more efficient, and no overhead scoundrels trying to trip you up with bogus fees.

GrapeRipple We know is XRP

Mounia_NL Time to sell my $xrp and $xlm?

Aren't other companies doing that already? e.g. transferwise?

Thanks to shelholtz and his presentation today at IABC19 I now know what Blockchain is! And Visa you are soooo screwed 😂

Great news 👍👍👍 Visa

Thanks to them.

More cheaply hmm

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