02 Apr '15, 6pm

Align Commerce launches beta B2B global payments system using the Bitcoin blockchain

Align Commerce launches beta B2B global payments system using the Bitcoin blockchain

International payments cost companies a great deal of money and Bitcoin-related startup Align Commerce wants to change that. According to Marwan Forzley, CEO and Founder of Align Commerce, “businesses spend over $50 billion on wire and foreign exchange fees,” and his startup hopes to change that by using the Bitcoin blockchain as intermediary instead of the current, inefficient legacy systems in place now. To do this, Align Commerce has announced the launch of the beta version of its service the Align Commerce Payments Platform , now available in 34 countries. Using the platform, customers and businesses will be able to pay in their local fiat currency and businesses can receive in their local currency without having to interact with foreign exchanges. As Bitcoin is a global phenomenon that does not stop at borders, Forzley envisions using it as a method for transferring w...

Full article: http://siliconangle.com/blog/2015/04/02/align-commerce-la...

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