R3 Blockchain Consortium Unveils Cross-Border Blockchain Payments Platform R3 Blockchain Consortium and its 22 banks have announced the creation of a cross-border payment platform based on Corda technology developed by the group. Information about this was published on the consortium website.

Blockchain consortium R3 introduced a platform for cross-border payments on the blockchain

The blockchain consortium R3 and its 22 banks have announced the creation of a cross-border payment platform based on the group's Corda technology. Information about this was published on the consortium website.

The platform digitizes fiat assets, which simplifies the process of their transfer between project participants, which include Barclays, BBVA, CIBC, Commerzbank and other banks.

R3 CEO David Rutter said: “This solution delivers undeniable benefits to any bank or company involved in sending or receiving cross-border payments and is a key component of R3's ambitious distributed ledger strategy to ensure faster and more efficient execution of any types of financial transactions ".

In addition to the above-mentioned banks, DNB, HSBC, Intesa, KBC, KB Kookmin Bank, KEB Hana Bank, Natixis, Shinhan Bank, TD Bank, U.S. Bank and Woori Bank.

Recall that the launch of the first official version of its own platform Corda R3 announced at the beginning of the month.

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