Finance Breaking news Allfunds partners Iberpay on blockchain plans last financial news

Breaking-Finance.Com - Wealthtech Allfunds has set up a blockchain company to develop a new payment model it says will provide more efficient settlement processes in the investment fund industry.

Finance Breaking news Allfunds partners Iberpay on blockchain plans last financial news

Breaking-Finance.Com - Wealthtech Allfunds has set up a blockchain company to develop a new payment model it says will provide more efficient settlement processes in the investment fund industry.

Finance Breaking news Allfunds partners Iberpay on blockchain plans last financial news
13 October 2020 - 14:45

Breaking-Finance.Com - Wealthtech Allfunds has set up a blockchain company to develop a new payment model it says will provide more efficient settlement processes in the investment fund industry. The firm is already working with Spain's Iberpay on the issue: last year the main Spanish banks completed a test to connect the national payment system with an interbank blockchain network, called i-network, that could enable the intelligent programming of immediate transfers from smart contracts, allowing the automatic execution of payments.

.In this way, a technical connection between the two blockchain networks could be enabled which would allow immediate transfers from the Allfunds network to be carried out automatically.Rubén Nieto, MD, Allfunds Blockchain, says: "We highly value the collaboration with Iberpay and the strategic vision it shows within the financial industry and the importance of innovation, which enables us to create new solutions for our clients."

Source = Breaking-Finance.Com

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Finance Breaking news Allfunds partners Iberpay on blockchain plans last financial news


Finance Breaking news Allfunds partners Iberpay on blockchain plans last financial news


Finance Breaking news Allfunds partners Iberpay on blockchain plans last financial news


Finance Breaking news Allfunds partners Iberpay on blockchain plans last financial news

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