Corpay adds blockchain settlement to cross-border payments
Corpay integrates blockchain settlement into its cross-border payments platform using JPMorgan and BVNK.Summary
Corpay has integrated blockchain-based settlement into its cross-border payments platform through partnerships with JPMorgan and BVNK. The company will use JPMorgan's Kinexys private blockchain and BVNK's stablecoin interoperability infrastructure to enable stablecoin and tokenized fiat disbursements available 24/7. This blockchain settlement option will be available across select payment corridors, adding to Corpay's existing payment rails that include SWIFT, proprietary iACH, and real-time local payment schemes. "We are continuing to build a truly multi-rail global payments platform," said Ron Clarke, Chairman and CEO of Corpay. "Adding both public and private blockchain capabilities allows us to optimize how payments move - improving speed, flexibility, and efficiency for our clients around the world."
(Sourceļ¼Investing South Africa)