Last year the companies announced a partnership for Internet of Things ( IoT) payments. Visa has partnered with long-term collaborator IBM to integrate its Hyperledger Fabric into the Visa B2B Connect blockchain payments platform, set to be launched in 2019. The new partnership will allow for a seamless integration of Visa’s Blockchain-as-a-Service (BaaS) platform and IBM’s distributed ledger, which is designed specifically for financial institutions. Chain.com will no longer be used on the project, a Visa spokesperson confirmed. Visa B2B Connect aims to offer an alternative banking system, with payments remitted between Visa network banks. Bottomline Technologies has already been named as an early adopter and, in September, Visa revealed a bank in Thailand was piloting the system.
Visa has partnered with long-term collaborator IBM to integrate its Hyperledger Fabric into the Visa B2B Connect blockchain payments platform, set to be launched in 2019. The new partnership will allow for a seamless integration of Visa’s Blockchain-as-a-Service (BaaS) platform and IBM’s distributed ledger, which is designed specifically for financial institutions. Chain.com will no longer be used on the project, a Visa spokesperson confirmed. Visa B2B Connect aims to offer an alternative banking system, with payments remitted between Visa network banks. Bottomline Technologies has already been named as an early adopter and, in September, Visa revealed a bank in Thailand was piloting the system.