Blockchain Fufills its Promise in Global Payments – Bitcoints


Published on June 9th, 2018 | by bitcoin


Blockchain Fufills its Promise in Global Payments

Blockchain Fufills its Promise in Global PaymentsThere has been much debate about the potential benefits of blockchain technology to improve the world of payments — particularly international payments.
Blockchain’s promise
Blockchain’s big promise is precisely providing that single version of the truth that is missing in the picture above.
But a key issue arises when one tries to scale such systems, particularly when large payments issued by corporate clients are at stake: management of liquidity.
Indeed, fast (overnight) payments rely on pre-funded nostro accounts, so the correspondent bank has the cash at hand to terminate the payment, thus eliminating any settlement risk.
These tokens can be used to exchange liquidity between liquidity providers and market makers globally in real time.


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