Blockchain Payment Solution

Blockchain Payment Solution

Korean Credit Card Giant Granted Patent for Blockchain Payment Solution

The major South Korean credit card company Shinhan card finally patents its Blockchain payment solution. As the name suggests, this system will set the spending limits, enable payment in installments and payment processing. Apparently, the firm is the first one in the world to come up with such a credit transaction service…

Goldman and Morgan Stanley adopt CLS’ blockchain payment solution

CLS and IBM Launch Blockchain Based Payment Netting Service

CLS, a Forex settlement services provider, and IBM have launched CLSNet, a blockchain-based payment netting service. Also, Goldman Sachs and Morgan Stanley have successfully gone live with CLSNet. The company has claimed that the new blockchain-based payment netting platform will solve the standardization and automation issues faced in the Forex market.