The company named Pagos Futuros based in Buenos Aires found a benefit in the issuance of checks based on blockchain technology. The signing of financial products brings to the Argentine scenario the check, an old method of payment that is expected to be accepted again.
The attractiveness of the use of deferred payment checks is to have a system of benefits that streamlines commercial credit between the parties, thus potentially benefiting small and medium enterprises.
The electronic check is not very different from the traditional version. The recipient can use it for consumption of goods and services, he can also save it to use it as an attachment for a future payment. Likewise, the electronic check is extended to clients of various financial entities, including those who do not have accounts with any bank.
Adrian Mazza, manager of Information Technology, said: “We created this platform with the intention of providing a technological solution to commercial financing between companies, turn it into an agile process and add the benefits and level of security of blockchain.”
L.Sáenz
Source: Diario Bitcoin
