UK fintech firm Billon has signed a letter of intent (LOI) with international financial services tech provider, Fidelity National Information Services Inc. (FIS) to integrate blockchain tech solutions
The company refers to itself as an educated blockchain company; it gears blockchain to the final procedure of fiat currencies. On the other hand, FIS is a Florida-based international company with more than 60,000 employees situated across more than 100 countries, focusing on banking software and payment processing.
FIS will collaborate with the FIS international fintech suite and discover combined product development and sales prospects for its selection of corporate blockchain solutions.
According to the company, Billon and FIS will also calculate the potential to work together on business and SME payments, as well as small payments for smartphones and other digital devices.
About Billon Blockchain technology
Billon was established in 2011 in Poland as a UK company in 2015. There is no withdrawal procedure in Billon architecture. This lets interoperability between multiple blockchains storing money issued by various banks. Once a blockchain is generated and moved by the bank to the first customer, further movement is done completely on a p2p basis with no further participation from the delivering bank.
In order to access the blockchain, customers must require a dedicated application that includes public keys of the issuers. The application like bitcoin cryptocurrency wallet is proficient of parsing Billon’s digital blockchain format and confirming signatures on received and outward-bound money. It is a brand new way of using money online. It allows you to send and receive money in real time, wherever and whenever you want
As per the news published in Coin Telegraph, in order to assimilate blockchain tech for customer data storage, Billion had even partnered with the major credit bureau in Central Europe, the Polish Credit Office (BIK).
The post UK Fintech Firm Billon Collaborates With FIS To Integrate Blockchain Tech solutions appeared first on OWLT Market.
from OWLT Market https://ift.tt/2LKv4o2
via IFTTT
No comments:
Post a Comment