Subscribe to Our Newsletter
Wednesday May 25, 2022
Bitcoin (BTC) $29,848.00   Ether (ETH) $1,987.13
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
No Result
View All Result
Swap USDT (TRC20) Instantly
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
Changelly
CryptoNinjas
Home Blockchain Technology

Bitfury working with Mphasis to develop new forms of cross-chain trade settlement

Published by CryptoNinjas.net
05/29/2019
Bitfury working with Mphasis to develop new forms of cross-chain trade settlement

The Bitfury Group, a full-service blockchain technology company, and Mphasis, an Information Technology solutions provider specializing in cloud and cognitive services, today announced a strategic partnership to bring new levels of automation, transparency, and efficiency to the financial services infrastructure that underpins global trade.

Together, Bitfury and Mphasis will work on new forms of tokenization to enable instant settlement of trade transactions, reduce reliance on complex FX infrastructures, and increase flexibility in liquidity management for financial institutions.

The new technology will be interoperable; functioning across all types of procure-to-pay networks, distribution platforms, and trade finance consortia.

[perfectpullquote align=”full” bordertop=”false” cite=”Valery Vavilov, Chief Executive Officer of Bitfury” link=”” color=”” class=”” size=””]“Bitfury is pleased to partner with Mphasis to improve fragmented financial systems, helping to make global trade more efficient. Using blockchain technology, we will create interoperable systems that deliver the highest degrees of trust, transparency, and security to this industry.”[/perfectpullquote]

The partnership builds on deep, complementary expertise, strong portfolios of next-generation financial services platforms; and a common vision to create a more open, efficient and inclusive trade ecosystem.

[perfectpullquote align=”full” bordertop=”false” cite=”Andres Ricaurte, Senior Vice President and Global Head of Payments for Mphasis” link=”” color=”” class=”” size=””]“I am excited to partner with Bitfury to tackle major structural barriers in global trade by applying new technology to old problems. Together with Bitfury, I believe we are uniquely positioned to accelerate the development of a more efficient, flexible and future-ready financial supply chain.”[/perfectpullquote]

Technology is digitizing some areas of trade such as document management, customer due diligence and parts of supply chain finance. However, the systems that handle mission-critical activities such as settlement, liquidity management, and foreign exchange (FX) remain highly outdated, inflexible and disjointed. The result is a complex gridlock that limits visibility for all parties and hinders access to liquidity for those who need it most. Those conditions have contributed to a global $1.5 trillion gap between the demand and supply of trade finance.

28
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram

Related News

Bitfury opens new crypto mining facility in Ontario

02/22/2022
Bitfury opens new crypto mining facility in Ontario

Bitfury Group, a Bitcoin mining and crypto tech company, today announced the launch of a new 28MW digital asset mining data center in Sarnia, Ontario. The facility has commenced operations with an expected capacity...

Read more

Globitex boosts AML capabilities with Bitfury Crystal amid 5AMLD

02/26/2020
Globitex boosts AML capabilities with Bitfury Crystal amid 5AMLD

Globitex, a crypto exchange & wallet platform, has today announced a cooperation with Bitfury Group’s Crystal Blockchain, which provides boosted Anti Money Laundering compliance and security measures to its clients through the Bitfury Crystal...

Read more

Bitfury unveils new white-label bitcoin (BTC) wallet for business

02/25/2020
Bitfury unveils new white-label bitcoin (BTC) wallet for business

The Bitfury Group, a full-service blockchain technology company, today launched a white-label bitcoin wallet to help businesses integrate bitcoin payments into their operations. White-label mobile wallet for iOS and Android Designed by Bitfury’s Peach...

Read more

Bitfury launches enterprise division for bitcoin-anchored blockchain service

12/05/2019
Bitfury launches enterprise offering for bitcoin blockchain framework

Bitfury, a full-service blockchain technology company, today announced it has launched Exonum Enterprise, a full-service blockchain division building on Bitfury’s Exonum blockchain framework. The Blockchain-as-a-Service (BaaS) offering will help companies and governments easily design...

Read more
Load More

Discussion about this post

Where to Exchange

Crypto services suite in Spanish Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
America's first regulated bitcoin exchange Visit
  • Trending
  • Latest
Kiln completes $5 million funding round to grow blockchain staking platform

Kiln completes $5 million funding round to grow blockchain staking platform

05/19/2022
Volume on BitMEX Spot Exchange surpasses $10M in 24 hours since launch

Volume on BitMEX Spot Exchange surpasses $10M in 24 hours since launch

05/19/2022
Crypto transaction monitoring platform Merkle Science adds support for 1,200+ ERC-20 tokens

Crypto transaction monitoring platform Merkle Science adds support for 1200+ ERC20 tokens

05/20/2022
Legion Network launches app with crypto wallet, NFTs, play2earn, watch2earn, launchpads, rewards and more

Legion Network launches app with crypto wallet, NFTs, play2earn, watch2earn, launchpads, rewards and more

05/24/2022
Japan exchange Coincheck lists SAND, the crypto asset of The Sandbox metaverse

Japan exchange Coincheck lists SAND, the crypto asset of The Sandbox metaverse

05/24/2022
Japan crypto exchange bitbank signs MOU to form institutional blockchain investment company

Japan crypto exchange bitbank signs MOU to form institutional blockchain investment company

05/24/2022
Binance obtains crypto license to operate in France

Binance obtains crypto license to operate in France

05/24/2022
Legion Network launches app with crypto wallet, NFTs, play2earn, watch2earn, launchpads, rewards and more

Legion Network launches app with crypto wallet, NFTs, play2earn, watch2earn, launchpads, rewards and more

05/24/2022
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2022 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2022 CryptoNinjas Disclosures | Privacy Policy

Go to mobile version