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At heart of the matter, of course, is the place (or choice) of using distributedledgertechnology (DLT) to underpin the transactions — especially B2B transactions. Some see distributedledgertechnologies (DLT) as having the potential to drive industry-wide change.
Some see distributedledgertechnologies (DLT) as having the potential to drive industry-wide change. Indeed, B2B cross-border payments , traditionally characterized by fragmentation and opacity, are a potential use case for the successful implementation of DLT,” said the authors in their post.
The payments often have to travel between MTOs or between one MTO’s different offices through correspondingbanks, and the different operating hours and time zones under which domestic systems operate can delay MTOs from getting their money. Mexico transactions in 2018.
A trial of the service included one test in which it delivered a payment from Singapore’s FAST scheme through 17 banks and seven countries within 13 seconds. Cross-border payments can be streamlined and sped up by leveraging modern tools like distributedledgertechnology (DLT), which can complete transactions within minutes.
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