3 years later, Visa’s blockchain-powered payment network finally goes live

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Visa’s blockchain-powered B2B payments product has finally gone live after almost three years in the making. First made public in October 2016, the Visa B2B Connect network is being made available in 30 markets, with plans to expand to as many as 90 territories by the end of the year. According to a company statement, the service was created to help financial institutions (aka Visa’s corporate clients) to circumvent existing banking networks and process cross-border payments by leveraging blockchain technology. “Launching Visa B2B Connect marks an important industry milestone which will accelerate the evolution of how commercial payments move around…

This story continues at The Next Web

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