Fintech PR
Visa B2B Connect Launches Globally
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Visa Inc. (NYSE:V) today announced the commercial launch of the Visa B2B Connect network, giving financial institutions an ability to quickly and securely process high-value corporate cross-border payments globally.[1] The Visa B2B Connect launch will cover more than 30 global trade corridors, with an aim to expand to as many as 90 markets by end of 2019.
“Launching Visa B2B Connect marks an important industry milestone which will accelerate the evolution of how commercial payments move around the world,” said Kevin Phalen, SVP, global head of Visa Business Solutions. “By creating a solution that facilitates direct, bank to bank transactions, we are eliminating friction associated with key industry pain points. With Visa B2B Connect, we are making payments quicker and simpler, while enhancing transparency and consistency of data.”
Visa B2B Connect removes friction and time spent on cross-border corporate transactions by facilitating transactions from the bank of origin directly to the beneficiary bank. The network’s unique digital identity feature tokenises an organisation’s sensitive business information, such as banking details and account numbers, giving them a unique identifier that can be used to facilitate transactions on the network. Visa B2B Connect’s digital identity feature will transform the way information is exchanged in business-to-business cross-border transactions.
“It’s exciting to see the hard work of the combined teams come together for the commercial launch of Visa B2B Connect. Having participated in the pilot program, Commerce Bank is excited to see how this innovative solution will change the way cross-border payments are made, while increasing the speed and transparency for businesses around the world,” said Brian Gordon, SVP International Payments and Trade, Commerce Bank.
“As a pilot participant, we are excited about the Visa B2B Connect launch. This modern way of carrying out cross-border B2B payments will create a substantial added value for our corporate clients. Velocity, security and control of transactions, as well as lower counterparty risks are essential for a successful business with international partners,” said Alessandro Seralvo, director of Cornercard & executive vice president of Corner Bank.
Partners, including Bottomline, FIS and IBM are integral parts of the future scale of Visa B2B Connect. Bottomline and FIS are bringing Visa B2B Connect platform access to its participating bank clients. Along with Visa’s core assets, Visa B2B Connect utilises open source Hyperledger Fabric framework from the Linux Foundation, in partnership with IBM. This helps provide an improved process to facilitate financial transactions on a scalable, permissioned network.
“Bottomline is delighted to be working with Visa to accelerate the adoption of innovative ways for businesses to make faster cross-border payments,” said Rob Eberle, president & CEO, Bottomline. “Our ability to provide our mutual financial institution clients globally with access to Visa B2B Connect will help these banks to continue to deliver differentiated payment capabilities to their corporate customers.”
“Enabling modernisation for financial institutions across all payments systems is a key tenet of FIS’ global strategy, and we’re glad to be amongst Visa’s first partners to bring Visa B2B Connect platform access to our mutual clients at scale,” said Raja Gopalakrishnan, international head of Banking and Payments for FIS Global Financial Solutions.
“Working together on Visa B2B Connect, we are combining the strengths of the world’s leader in electronic payments with IBM’s recognised expertise in helping scale distributed ledger technology. This is a unique example of how blockchain-based architecture can help transform B2B value chains by facilitating secure and transparent transactions globally,” said Marie Wieck, general manager, IBM Blockchain.
“With Visa B2B Connect, we are leveraging Visa’s existing assets and our expertise in cybersecurity, data privacy, the scale of our network — and layering that with new elements of distributed-ledger technology to meet unique needs of this industry,” said Sam Hamilton, SVP, data product development at Visa. “This lays the foundation for a service with the potential to transform cross-border payments.”
SOURCE Visa
Fintech PR
Okto, the first end-to-end chain abstraction solution for developers, promises 90% reduction in development time, now live on Testnet
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- Okto Platform Live On Testnet: Pioneering blockchain adoption and enabling seamless cross-chain transactions across major networks like HyperLiquid, Aptos, Solana, and EVM.
- The live testnet link for Okto: https://testnet.okto.tech/
BENGALURU, India, Feb. 21, 2025 /PRNewswire/ — Okto, a complete chain abstraction platform, is thrilled to announce the official launch of Okto Platform Testnet – the industry’s first Complete end-to-end chain abstraction solution. This groundbreaking solution is set to redefine the landscape of blockchain interoperability by simplifying decentralized application (dApp) development, cross-chain transactions, and multi-chain innovation. The platform enables seamless communication across a range of leading blockchain ecosystems, such as all EVM chains, HyperLiquid (HL), Aptos, Solana, and Cosmos chains/ecosystems.
Okto’s chain abstraction technology is already delivering impressive results, with real-world success stories across gaming, social and DeFi applications that showcase its efficiency and transformative potential. The Okto Wallet, has facilitated the creation of over 12 million wallets, integrated more than 50 protocols, and supports over 20 EVM and Alt-VM chains. Okto has already clocked in $1 billion in Monthly Recurring Revenue.
Neeraj Khandelwal, Co-Founder of Okto & CoinDCX, said “We have been developing our Chain Abstraction technology for over two years, collaborating closely with prominent blockchain networks to rigorously test cross-chain transactions, liquidity, and interoperability. The results have been exceptional. Okto’s core mission has always been to simplify the user experience, ensuring it mirrors the simplicity and efficiency of Web2 with just a single click. We are now empowering developers with the ability to seamlessly integrate Web3 functionalities into their applications with unprecedented ease and efficiency.”
Rohit Jain, Head of DeFi Initiatives at Okto and CoinDCX, said: “We built a world-class team and collaborated with industry leaders such as Nethermind, Silence Laboratories, Across Protocol, and Agoric. By leveraging cutting-edge security from EigenLayer and Polygon CDK, each partnership brought vital expertise to our mission. Today, we stand at a pivotal moment with the launch of the Okto Platform Testnet.”
“While collaborating with multiple networks co-building on the Okto platform, one key piece of feedback from developers has been the significant reduction in development time—by over 90%. Okto does the heavy lifting of abstracting Web3 complexities across fragmented ecosystems and empowers developers to offer their end users a frictionless, single-click experience. This allows developers to focus on their core product.”
Photo – https://mma.prnewswire.com/media/2625155/Okto.jpg
Logo – https://mma.prnewswire.com/media/2625238/Okto_Logo.jpg
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View original content:https://www.prnewswire.co.uk/news-releases/okto-the-first-end-to-end-chain-abstraction-solution-for-developers-promises-90-reduction-in-development-time-now-live-on-testnet-302382481.html
Fintech PR
NYSE CONTENT ADVISORY: PRE-MARKET UPDATE FOR FEBRUARY 21ST
NEW YORK, Feb. 21, 2025 /PRNewswire/ — The New York Stock Exchange (NYSE) is proud to offer a daily pre-market update directly from the NYSE Trading Floor. Access today’s NYSE Pre-market update for market insights before trading begins.
Kristen Scholer delivers the pre-market update on February 21st
- Investors turn focus to consumer sentiment data
- Stocks moved higher in extended trade early Friday
- Walmart says levies on imports from Canada & Mexico will impact retailer
Watch NYSE TV Live every weekday 9:00-10:00am ET
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Video – https://mma.prnewswire.com/media/2625071/NYSE_Feb_21_2025_Market_Update.mp4
Logo – https://mma.prnewswire.com/media/2581322/New_York_Stock_Exchange_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/nyse-content-advisory-pre-market-update-for-february-21st-302382319.html
Fintech PR
AB Set to Launch on BitMart Exchange, Expanding Global Trading Channels
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SINGAPORE, Feb. 21, 2025 /PRNewswire/ — AB DAO has announced that the AB token will soon be listed on BitMart Exchange, further expanding its global trading network, enhancing liquidity, and accelerating the worldwide growth of the AB ecosystem. This milestone will provide users with a seamless and secure trading experience while driving broader adoption of AB in the Web3 space.
As a leading global cryptocurrency exchange, BitMart offers a secure and efficient trading environment for users worldwide. The listing of AB on BitMart will enable more users to trade, invest, and actively participate in the AB ecosystem.
This listing is part of AB DAO’s global expansion strategy, with AB tokens being integrated into more major exchanges to expand utility and accelerate ecosystem growth.
In addition to BitMart.com, users will also be able to trade $AB on HTX (htx.com), MEXC (mexc.com), and 4E (eeee.com).
Stay Updated on AB DAO
- Official Website: https://ab.org
- Telegram Community: https://t.me/Newtonproject
- Telegram Channel: https://t.me/AB202528
- X (Twitter): https://x.com/newton_project
- Discord: https://discord.gg/BSbgK6J
- Medium: https://medium.com/@AB.org
View original content:https://www.prnewswire.co.uk/news-releases/ab-set-to-launch-on-bitmart-exchange-expanding-global-trading-channels-302382320.html
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