Visa is preparing a blockchain-based digital identity system for cross-border payments

1 Nov 2018

Payment service giant Visa is preparing its solution for identification for cross-border payments in collaboration with IBM. The solution is called B2B Connect, and it will deploy the hyperledger blockchain solution. Hyperledger is a project of open source blockchains started in 2015 by the Linux Foundation. Visa plans to release the new service in the first quarter of 2019. First organisation to join B2B Connect is fintech provider Bottomline Technologies which serves 1 200 companies worldwide.

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The digital currencies story is a continuation of the long-running saga of economics, markets, and commodity exchange in human society. With the constant rise of the global network, we have witnessed many global services becoming widely accepted and in a way changing (by adding to) our experience of mutual interaction.

 

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