[2015-04-03] CS - Align Commerce ‘Wants to Kill Bank Wires’ with Blockchain

[kaegmo]

Align Commerce, a next generation Payment Service Provider (PSP) for global commerce, has recently announced a public beta of its innovative payments platform, the first in the industry to use a Bitcoin blockchain with the aim of maintaining faster, easier and less expensive global transactions. At the moment, the platform is available in 34 countries.

http://www.coinspeaker.com/2015/04/03/align-commerce-wants-to-kill-bank-wires-with-blockchain-based-b2b-payments-system-8401/

[Bit_Happy]

Marwan Forzley, CEO and Founder of Align Commerce, envisions using the platform as a method for transferring wealth in the same manner that wire transfers do at the moment. According to Forzley, the usual transfer of money across borders, can take up to seven days and can be worsened with complexity and multiple fees. Using Blockchain technology, the Align Commerce can cut payment-processing times to three business days down from seven..."

Three business days to use a blockchain? What....
Oh, I see why, they need to upgrade the hardware.