Innovate-Banking
Quick and Proper Global Payments: Digital Assets
Correspondent Banking reinvented with blockchain technology The first part of this paper gave an introduction into the inefficiencies of correspondent banking in the context of global payments in contrast to the Blockchain approach. While Blockchain technology has the potential to revolutionize the global payments landscape, certain key prerequisites need to be in place to ensure […]
Quick and Proper Global Payments: Blockchain
Correspondent Banking reinvented with blockchain technology It’s 2020 and when you make global payments via your bank the experience is, by and large, the same as 20 or 30 years ago: takes days, total cost is unclear but always high. The alternatives with a money transfer operator, the new or not-so-new players, come with speed, […]