Blockchain data network Shyft partners with Bitt to secure transactions for the Caribbean

The signing of a Letter of Understanding between Barbados-based fintech company Bitt that facilitates secure peer-to-peer transactions through its mobile payments software, mMoney and Shyft, the global blockchain-based network that facilitates the secure sharing of attested and compliant data, has been announced. Through this partnership, Bitt will become an active ecosystem participant leveraging the Shyft network to fulfill data transaction needs across Caribbean territories. The companies will leverage their capabilities to fulfill the mandate to strengthen correspondent banking regionally, while simultaneously reducing KYC and AML compliance costs.