On Friday, Visa
announced it has integrated its blockchain payments platform B2B Connect with Infosys’ fintech offerings. The platform has additionally more than doubled the number of trade corridors it operates in – from 30 to 62.
Visa B2B Connect went live globally
in June when the platform reached 30 trade corridors. It uses distributed ledger technology (DLT) to speed up corporate payments. By using Visa’s existing network, it eliminates the need to use a banking network and Swift when moving money internationally.
June’s target of 90 countries for B2B Connect sounded ambitious at the time. Last week, Visa updated its goal to 100 by 2020. Its blockchain platform can be adopted directly or through one of Visa’s partners. Adding Infosys to that list is likely to drive adoption even further.
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