Payment Processor Netpay International to Integrate BNC’s LedgerTech Tool Based On Blockchain
Netpay International, a major online payments company, has started a partnership with BNC LedgerTech in order to integrate the blockchain technology to its main services and to offer a better service for its clients. According to reports, the company will be the fourth fintech company to use the technology of BNC LedgerTech, which is called Ubanker.
The main goal of the payments company is to use the blockchain technology in order to cut the costs of the operations. While banks charge a percentage of the transferred amount for their services, BNC LedgerTech only charges a small fixed fee. This makes the system more scalable as the company will not lose so much money for the remittance.
Also, unlike many other blockchain companies, Ubanker will be fully compliant with the laws and banking regulation from the European Union, which is very important in order to be in business in the continent.
Netpay is a huge company and it has partnerships with over 100 banks from all over the globe so far, according to the site of the company, so this will be an important step in order to enable the blockchain technology to be more widely used in the most traditional financial system.
This is not surprising in a time in which people say that the blockchain is inevitable and that central banks have too much control over people’s money. The blockchain revolution is at our doors now.
In fact, a recent survey indicates that 90% of financial experts believe that the blockchain tech will be important for the future of the payment industry in some way, people only disagree on what the actual impact will be.