visa and BTL Group have called for a pilot scheme in which bank - to - bank transactions can be made using a blockchain proof - of - payment . The pilot , which involves several as - yet unnamed European institutions and is set to run until the early months of next year , uses visa ’s cross - border settlement platform Interbit with smart ##bit to ensure regulation and regional compliance . Currently , there is no limit to the amount transferred on the transaction . Guy Halford - Thompson , CEO of BTL said the company was interested in " how the money moves between those financial institutions . "
Visa and BTL Group have partnered for a pilot scheme in which bank-to-bank transactions can be made using a blockchain proof-of-concept. The pilot, which involves several as-yet unnamed European institutions and is set to run until the early months of next year, uses BTL’s cross-border settlement platform Interbit with smart contracts to ensure regulation and regional compliance. Currently, there is no limit to the amount transferred on the platform. Guy Halford-Thompson, CEO of BTL said the company was interested in "how the money moves between those financial institutions."