Vanbex and NetCents bank on blockchain in Canada
Services firm Vanbex Group and payments provider NetCents Technology have teamed up to speed up the adoption of blockchain to Canadian banks.
NetCents will be integrating Vanbex’s Genisys product, a blockchain-integrated payment platform that offers a turn-key transaction messaging system for cross-border payments, to work in conjunction with the Swift and Clearing House Interbank Payments System (CHIPS) protocols.
Clayton Moore, CEO and founder at NetCents, says the company “will now be able to begin to introduce next-generation processing for banking financial transactions by offering a solution that will update the current, antiquated banking transfer platform”.
NetCents also recently started beta testing on its Payment Gateway platform, an ecommerce application that processes and authorises credit card transactions in both digital and traditional fiat currency, as well as PayPal and Apple Pay for merchants.
Never say never again
The blockchain space is never short of news at present. Over the last few weeks alone there have been several developments.
Danish firm Coinify raised $4 million in series A investment round from SEB Venture Capital for its growth plans.
The United Nations Children’s Emergency Fund (UNICEF) started looking for a developer to work on humanitarian projects, including the use of blockchain for innovation.
Thomson Reuters joined R3’s partnership to design and apply distributed and shared ledger-inspired tech to global financial markets.