California-based blockchain firm Everest has announced a partnership with BRI Remittance, a unit of Bank Rakyat Indonesia, to boost cross-border transactions across the Indonesia-Europe corridor. One of Everest’s existing projects for remittances is with the Central Bank of Samoa.
Under the agreement, BRI will integrate Everest’s solution with its banking infrastructure to provide cross-border payments, FX settlement, and cash-in/cash-out services.
Established in 2016, Everest offers a digital commerce platform that provides quite a bit of technology infrastructure, including tokenizing money for value exchange, identity verification, and compliance reporting such as Know Your Customer (KYC) and Anti-Money Laundering (AML).
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