With this partnership, Axeltree's clients will have access to a payment note on the Roxe blockchain network, which can settle a payment in seconds. Clients do not need to use cryptocurrency to access the blockchain network.
Axletree company officials stated that banks are under pressure to deliver the experience of domestic payments across cross-border transactions and blockchain has the power to deliver that capability, while also reducing cost across the payments value chain.
Axletree delivers services across the financial transaction ecosystem for financial and non-financial institutions worldwide. It aims to solve challenges banks and corporates face while optimising their financial connectivity and payment processes.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.