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Visa B2B Connect

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Chain Releases Open-Source Version of Chain Core Technology Powering Visa’s New B2B Connect

Giulio Prisco | Bitcoin Magazine | October 25, 2016

On October 21, 2016, Visa announced a new partnership with blockchain enterprise company Chain that will develop “a simple, fast and secure way to process B2B payments globally.” Dubbed Visa B2B Connect, the system will offer participating pilot financial institutions a consistent process for managing settlement through Visa’s standard practices...

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Visa Introduces International B2B Payment Solution Built on Chain’s Blockchain Technology

Press Release | Chain, Visa | October 21, 2016

Visa Inc. today announced a preview of Visa B2B Connect, a new platform that Visa is developing to give financial institutions a simple, fast and secure way to process business-to-business payments globally. Visa is working with Chain to build Visa B2B Connect using Chain Core, an enterprise blockchain infrastructure that facilitates financial transactions on scalable, private blockchain networks. Building on this technology, Visa is developing a new near real-time transaction system designed for the exchange of high-value international payments between participating banks on behalf of their corporate clients...

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