Yesterday the Carrier Blockchain Study Group (CBSG) announced that Taiwan-based Asia Pacific Telecom (APTG) and an un-named U.S. telecoms carrier used its platform for a cross-carrier blockchain payment by consumers. In other words, customers of one carrier used a mobile phone for payment transactions in another country while roaming.
The CBSG was founded by TBCASoft, Softbank, Sprint and Taiwan’s FarEasTone and has numerous members around the globe. The consortium has several applications, including identity, but the subject of the trial is the Cross-Carrier Payment System (CCPS) platform for personal mobile payments.
Specifically, customers of the U.S. carrier traveled to Taiwan in December and used their mobile payment app to purchase items at a store that supported APTG’s payment network Gt Pay. This was referred to as a “Proof of Business” mobile payment. The ultimate aim is to help travelers reduce foreign transaction costs.
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