HashCash Consultants, who works in blockchain, is working with an unnamed U.S. bank to help them fund their corporate trading thanks to a sophisticated blockchain platform for B2B payments, according to a press release.

According to the release, the platform in question will also help to simplify the IT infrastructure and reduce operating costs.

HashCash’s HC Corporate Payment comes with instant reconciliation, real-time document approval, and smart contacts automation to enable faster, more effective B2B payments. The solution is also designed to help unite the parties involved and digitize the end-to-end trading process in a single network, thereby reducing processing time.

Raj Chowdhury, CEO of HashCash Consultants, said the platform should “help reduce processing time through instant billing and secure online document sharing”.

“With the solutions from HashCash, the United States of AmericaA bank can protect its data through encryption and immutability of the blockchain, “he said according to the press release.” With this partnership, we look forward to helping you efficiently manage your working capital through live account balance tracking. “

The press release notes that HC Corporate Payment is used not only for banks, but also for payments from corporate providers, clearing houses looking to replace or build new clearing systems, central banks for wage payments and more.

PYMNTS reported on a conversation with Ternios Co-Founders and COO Ian Kane and Daniel Gouldman, Co-Founders and CEO, in which they said blockchain will continue to play a role in payments. They said that giving up bridging blockchain usage with older financial services providers would help enable more broader use of cryptocurrencies alongside digital fiat currencies that could be issued by central banks. They also noted that there is still a lot to be done to educate the public about blockchain and how far the world has come in terms of digital payment methods.

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