Cryptocurrency Anti-Money Laundering (AML) CryptoCurrency Incidentally Notabene Flow was introduced, a Stablecoin payment platform designed for high -value business transactions.
The notabene, a firm dedicated to bringing compliance with crypto transactions, such as applying what is called “Travel Law,“Its platform said it added features that had long been out of crypto railroads to an email statement on Monday. This includes payment permission, display and dispute resolution, to make Stablecoin live.
Institutional companies such as Zodia Custody, Bass and Borderless are among the initial adopters, looking to combine stablecoin speed with compliance standards that are familiar to traditional finance (Tradfi).
There is a lot going on around Stablecoin payments so far, including this week’s announcement that SWIFT, the long -established interbank messaging platform, Will Unveil its own blockchain-based stablecoin system for payments.
An obstacle to Stablecoin payments is that most crypto transactions are “push-only,” leaving businesses without care to reverse payments or hinder fraud, Notabene said. The new application of the company introduces pull payments, repetitive charges and standard coordination between proven participants, supported by the company network 2,000+ regulated entities.
The platform depends on the transaction consent protocol, an open standard that performs rather like a Swift messaging layer. The Notabene has cooperated with the Global Legal Entity Identifier Foundation (GLEIF), a way of achieving the entity verification that is anchored in the global recognized LEI standard, giving each participant a reliable foundation of the opposite trust.
“Cross-border payments B2B is always slow, expensive, and complicated,” said Pelle Braendgaard, said the Notabene CEO. “Stablecoins is the first real opportunity to change that, but high -value payments require a frame of confidence to succeed in size. The Notabene Flow delivers that plot.”
