Dubbed Visa B2B Connect, the close to period settlement platform is geared toward providing a safer, clear mechanism for businesses creating payments via Visa’s netowrk.
That the 2 corporations would co-develop a platform for payments is probably unstartling given their existing relationship and also the proven fact that Visa was took half in Chain’s $30m funding spherical, proclaimed last Gregorian calendar month. The mastercard large has created alternative blockchain tests associated with payments public within the past year.
Jim McCarthy, Visa’s government vice chairman for innovation and strategic partnerships, aforementioned in a very statement:
"The time has ne'er been higher for the world community to require advantage of recent payment technologies and improve a number of the foremost basic processes required to run their businesses. we tend to square measure developing our new answer to grant our financial organisation partners Associate in Nursing economical, clear approach for payments to be created across the planet."
Visa didn’t offer a particular launch date for the new service, describing today’s move as a "preview". However, the corporate aforementioned that it'll look to start piloting the service in 2017.
source : www.coindesk.com
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