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Payment Processor Netpay to Integrate Blockchain-Based Tool: Report


Payment gateway service Netpay International partnered with Israeli firm BNC LedgerTech to integrate blockchain, according to Finance Magnates.

Major global online payments firm Netpay International has partnered with Israeli firm BNC LedgerTech to integrate blockchain into its services, Finance Magnates reported on Feb. 12.

Netpay International will reportedly become the fourth fintech firm to use BNC LedgerTech’s digital, blockchain-based banking solution “Ubanker.”

By using the blockchain-based tool, Netpay International will reportedly cut operation costs. According to the report, BNC LedgerTech charges a fixed minimum fee, whereas banks generally charge a percentage of the total transferred amount.

According to Finance Magnates, Ubanker complies with European Union central bank regulations, while BNC LedgerTech holds an electronic money institution license in the region.

In turn, Netpay…



Read Full Story : Cointelegraph.com News

2019-02-12 17:32:00

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