Netpay will develop an application based on blockchain
The largest global online payment firm Netpay International has signed an alliance with the Israeli company BNC LedgerTech to integrate blockchain in its services
Netpay International will become the fourth financial technology company to use the digital banking solution based on BNC LedgerTech blockchain called Ubanker. By using this tool the firm will reduce operating costs.
BNC LedgerTech charges a fixed minimum rate, while traditional financial institutions charge a percentage of the total amount transferred. According to statistics, Ubanker complies with the regulations of the European Union’s Central Bank, while BNC LedgerTech holds an electronic money institution license in the region.
It should be noted that Netpay International has partnered with more than 100 banks around the world to date, as published on its website. For their part, experts say that banks can not stop people from using blockchain technology, which means that central banks have too much control over people’s deposits.
L.Sáenz
Source: Cointelegraph
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