Payments flow through society like water through a faucet. There’s no escaping it, and everyone likely ends up working with some form of cash on a daily basis. And as such, on any given day, there is bound to be news circulating within the payment universe.
In today’s payment rundown, that news extends into blockchain technology integrations for banks around the world as well as strategic processing partnerships for such financial institutions.
As technology continues to be a pervasive force in the world, this news brings banks further into the fold.
Here are the numbers:
22 | Number of banks announced to join SWIFT’s blockchain proof of concept (PoC) initiative.
6 | Number of founding banks in SWIFT’s blockchain PoC.
2017 | SWIFT plans to add more banks to its blockchain PoC by the end of the year.
2 million | Number of Bill.com customers Commerce Bank has access to post partnership agreement.
$36 million | Total amount of payments processed annually by Bill.com.
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