This week Tassat Group announced its B2B digital payment solution is going multi currency in June. In addition to existing U.S. Dollar payments that have reached $1.3 trillion on its permissioned blockchains, from June the platform will support Euro, Yen, Pounds and Canadian dollars, with more planned.
The solution has been adopted by a handful of regional banks supporting B2B real-time payments around the clock. In all cases, the blockchain system is integrated with core banking.
One of those banks was Signature Bank, which was known as a digital asset onramp. However, before its demise, it revealed that logistics firms made up the largest number of transactions on Signet, its blockchain payment system based on Tassat technology. That’s because businesses invariably want proof of payment before releasing cargo. So if the shipment arrives over a weekend, waiting until banks open is inconvenient.
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