International Payments Service Caxton Adopts Blockchain Technology

Wednesday, 08/02/2017 | 11:32 GMT by Avi Mizrahi
  • Caxton employs a private blockchain because waiting until a mega-deal is struck between the major banks "could take decades".
International Payments Service Caxton Adopts Blockchain Technology
FM

Caxton, a UK-based foreign exchange, international Payments and prepaid card provider, has just announced that it has adopted Blockchain technology to provide its clients with cheaper, faster and more secure payments by providing trusted and regulated currencies and banking systems. It has done this by attaching a private blockchain overlay to its banking platform.

To unlock the Asian market, register now to the iFX EXPO in Hong Kong.

The firm says that this will be particularly helpful to e-commerce businesses looking to execute payments in multiple currencies, app developers in need of a regulated partner to handle their transactions, or a bank that needs an out-of the box multicurrency bank platform.

Rupert Lee-Browne, CEO, Caxton

Rupert Lee-Browne, CEO, Caxton

Rupert Lee-Browne, founder and CEO, Caxton, commented: “There’s so much talk in the industry about the benefits of blockchain, but so little of it is accessible to businesses today. It seems that you’ve either got to trust in cryptocurrencies or wait until a mega-deal is struck between the major banks. Both of which could take decades to come into fruition.

Therefore we’re incredibly excited to offer our clients the opportunity to plug into our multi-currency banking system directly via a private blockchain.”

Russell Stather, CTO of Caxton, added: “This offer will be particularly exciting for our client’s CTOs. This technology strips out the need for an API, meaning everything is under their control. There’s no need for them to waste time and money, installing and maintaining an API.”

Caxton, a UK-based foreign exchange, international Payments and prepaid card provider, has just announced that it has adopted Blockchain technology to provide its clients with cheaper, faster and more secure payments by providing trusted and regulated currencies and banking systems. It has done this by attaching a private blockchain overlay to its banking platform.

To unlock the Asian market, register now to the iFX EXPO in Hong Kong.

The firm says that this will be particularly helpful to e-commerce businesses looking to execute payments in multiple currencies, app developers in need of a regulated partner to handle their transactions, or a bank that needs an out-of the box multicurrency bank platform.

Rupert Lee-Browne, CEO, Caxton

Rupert Lee-Browne, CEO, Caxton

Rupert Lee-Browne, founder and CEO, Caxton, commented: “There’s so much talk in the industry about the benefits of blockchain, but so little of it is accessible to businesses today. It seems that you’ve either got to trust in cryptocurrencies or wait until a mega-deal is struck between the major banks. Both of which could take decades to come into fruition.

Therefore we’re incredibly excited to offer our clients the opportunity to plug into our multi-currency banking system directly via a private blockchain.”

Russell Stather, CTO of Caxton, added: “This offer will be particularly exciting for our client’s CTOs. This technology strips out the need for an API, meaning everything is under their control. There’s no need for them to waste time and money, installing and maintaining an API.”

About the Author: Avi Mizrahi
Avi Mizrahi
  • 2727 Articles
  • 10 Followers
About the Author: Avi Mizrahi
Azi Mizrahi, expert in fintech trends and global markets, enriches readers with deep insights.
  • 2727 Articles
  • 10 Followers

More from the Author

CryptoCurrency

!"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}