usdt currency cross-border payment system development, acceptance block chain pays system development

usdt currency cross-border payment system development, acceptance block chain pays system development
prospects block chain technology in the financial sector is widely favored by block chain technology "Distributed accounting" on the characteristics of fund settlement information in the "chain "sync arrived, all sharing, real-time updates, are rated the best in the field of cross-border payment and settlement utility and the degree of adaptation, known as" the most perfect of cross-border payment solutions. " New payment methods and traditional payment channels complement each other, avoiding the legality and regulatory issues facing the block chain of electronic money. Swiss source block chain payment system development
challenges of cross-border payments of
cross-border payment through a bank established channels is a complex, multi-step process, involving multiple agencies.
If the United States wants payments to Company A Company B to India, the US A company asked its banks to remit funds overseas. Bank of America to cooperate with an agent bank transfers, Indian banks to receive funds, and then transferred to Company B's bank account. Each step in this process will take time and money to complete, resulting in high cost and frustrating bottlenecks. According to World Bank data show that the global average remittance cost is 7%.
Block chain by streamlining processes and each transaction is stored in a secure distributed the books to solve these challenges. Once the transaction is recorded, the receiver can get paid and there is no middleman, no delays, no unnecessary costs. Once the payment accounted for, can not be reversed or changed in a ledger, thus increasing overall accountability and security.
Block chain payment system advantages:
1, unlimited usage scenarios. Block chain paid to break the traditional payment and settlement restrictions, the whole scene coverage for all types of businesses, the industry receives from users around the world.
2, the user saves the financial payment transaction costs. The traditional payment settlement charge higher fees, the payment currency compared with a significant reduction in transaction fees.
3, internal liquidity does not charge transaction fees. Block chain financial payment system is simple and can be real-time exchange of legal tender, simple and convenient operation, business users can achieve without sensing operation, to meet all needs.
usdt currency cross-border payment system development, acceptance block chain pays system development