News

Caxton taps blockchain technology for payment processes

Thursday 9 February 2017 11:13 CET | News

Caxton, a UK-based provider of foreign exchange, international payments and prepaid card services, has launched improving payments processes using blockchain.

The company attached a private blockchain overlay to its banking platform that will enable its clients to directly access its preferential banking rates and existing regulatory arrangements. In addition, it will also reduce their servicing costs and increase their speed to market with new products and services.

According to the official release, the offer will be particularly helpful to ecommerce businesses looking to execute payments in multiple currencies, app developers in need of a regulated partner to handle their transactions, or a bank that needs an out-of-the box multicurrency bank platform.


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: blockchain, Bitcoin, cryptocurrency, ecommerce, payments , UK, Caxton
Categories: DeFi & Crypto & Web3
Companies:
Countries: World
This article is part of category

DeFi & Crypto & Web3






Industry Events