Visa Takes Inspiration From Bitcoin For Cross-Border Payments

Visa has its eyes set on an international prize, and it’s planning to take some cues from a new type of currency in order to win it.
According to The Wall Street Journal, the company recently rolled out a new technology aimed at taking on a new market by offering international B2B payments. The product is called Visa B2B Connect and, according to recent reports, will use a network modeled after the one powering bitcoin to navigate the complex world of cross-border payments between two companies.
Frequent readers of the PYMNTS.com X-Border Payments Optimization Tracker know just how challenging the cross-border payments market can be. The tracker brings the latest news and headlines from around the space, along with a directory with the industry’s biggest and most influential players.

This post was published at Pymnts on October 25, 2016.