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Traditional payment methods involve multiple intermediaries with each one taking a cut and adding its layer of time and complexity. These traditional mechanisms involve an issuer, a clearing house, an acquirer organization, a wallet, a merchant website and more of such nodes through which money would pass through in a Bi-directional manner.
It can take anywhere between 24 to 72 hours to process payments and it would also involve a charge of 3% or more as transaction fees. This is on account of currency transfer procedures which can stall the transfer of funds in transit. That is where our Blockchain API expertise steps in to show financial institutions and Banks how to reinvent their settlement mechanisms by creating a network of interconnected network of Fintech companies and Banks to moves money, manages foreign exchange, and mitigate fraud.
By creating Blockchain API that connects with multiple networks, our experts are making it easy to send and receive funds in real-time. Our innovative solution is enabling our Financial Services Client to help their customers mitigate the barriers of currency, time, and geography. By building a unique Instant Settlement Network, we are delivering financial value that can move more reliably and much faster at much lower costs anywhere in the world. We are facilitating these transactions while screening all the payments as per all the regulations.
Our Blockchain API integrations also make it very easy to access data on transactions, create or share smart contracts, update account balances, transact using Crypto currency, etc. In other cases, our Blochchain APIs also allow users to interact with Decentralized Financial Networks as well as traditional Banks in new and innovative ways. Using our expertise, you too can build a network that can connect to multiple Blockchain Data from one place – NFTs, tokens, Crypto, Wallets, NFT, GameFi, DeFi, and more.
BFSI Case Studies: Discover the Top Applications of Contract AI in Banking and Insurance Companies
Discover the Key Benefits Unlocked by Global BFSI Leaders.