Technology provider D+H has applied distributed ledger technology to its Global PAYplus payment hub solution.
Banks can now use secure closed-loop distributed ledger system to connect bank networks, allowing them to move money quickly, and improving access to liquidity.
The Global PAYplus solution is designed to help client manage all payments in one integrated system, including all high-value, mass and immediate payments, in all currencies, both domestically and cross-border.
According to D+H, the addition of blockchain technology intends to meet evolving peer-to-peer client payment needs. Payments can be made more quickly, while anonymity improves security and reduces risk.
Moti Porath, executive vice president of global pre-sales at D+H, said: “This breakthrough technology further positions D+H as a leader in payments.”
He added: “D+H has made significant investments in blockchain and distributed ledger innovation, and will continue to explore new use cases and partner with players like Ripple to pursue other opportunities.”
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