VISA Launches “Pilot” Blockchain Cross-Border B2B Payments

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Posted on their website Visa, the largest global credit card announced the launching of their first “pilot” phase business-to-business blockchain underlined service, B2B connect.

The plans were first announced last year with hopes of using this platform to make cross-border payments much easier. It would facilitate direct payments from one institution to the other, completely cutting out the current “middleman.” Visa is working with a startup called, Chain, to equip this platform to provide secure, yet transparent cross-border payments between these international enterprises.

There are a few institutions already on board with Visa on this project including U.S Commerce …

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