The anti-lavish money cryptocurrency (AML) has been introduced Notabene Flow, a Stablecoin payment platform designed for high-value commercial transactions.
Notabene, a company focused on the fulfillment of cryptographic transactions, such as applying the so -called “travel rule,” said its platform adds absent characteristics of Crypto Rails in a statement sent by email on Monday. These include payment, billing and dispute resolution authorization, so that Stablecoin transfers are viable.
Institutional companies such as the custody of Zodia, Bitso and Borderless are among the initial adopters, which seek to combine the stable speed with family compliance standards for traditional finances (Tradfi).
There are many things about Stablecoin payments at this time, including this week’s announcement that Swift, the interbank messaging platform for a long time, will present its own stablecoin system based on blockchain for payments.
An obstacle to Stablecoin payments is that most cryptographic transactions are “just push”, leaving companies without safeguards to reverse payments or block fraud, said Notabene. The new application of the firm presents payments for extraction, recurring billing and standardized coordination among verified participants, backed by the network of more than 2,000 regulated entities of the company.
The platform is based on the transaction authorization protocol, an open standard that works rather as a fast -style messaging layer. Notabene associated with the legal Global Entity Identifier Foundation (Gleif), a way to achieve the verification of the entity anchored to the Lei standard internationally recognized, which gives each participant a reliable base of the confidence of the counterpart.
“B2B cross -border payments have always been slow, expensive and complex,” said Pelle Cheendgaard, CEO of Notabene. “Stablecoins are the first real opportunity to change that, but these high -value payments need a confidence frame to be successful. The nobene flow offers that frame.”
