Xinfin Fintech, a Hybrid Blockchain Technology Network based out of Singapore has released a new platform called TurantPay. TurantPay uses Xinfin’s XDC protocol, which is an improved version of the SWIFT protocol used today amongst banks globally to execute bank transfers. TurantPay processes payments between financial institutions and payment service providers

“As banking and finance industries are rapidly adopting blockchain technology, TurantPay is a generation ahead of platforms used today”.

In today’s systems, there are higher fees, locked deposits and a complete lack of visibility which damages trusts between clients and payment service providers. TurantPay is a great solution which has much lower processing fees and maintains complete visibility throughout the life cycle of the payment.

Payment service providers and institutions can enjoy a much faster processing system and instant settlements making clients happy with their services. This is important because most of today’s systems process payments in batches which cause delay. On a cross border scale this is a big issue when factoring time zones as well as the need to verify an account has the funds it is trying to send.

TurantPay eliminates these issues. Christopher Neill, Xinfin’s Head of American Development states, “As banking and finance industries are rapidly adopting blockchain technology, TurantPay is a generation ahead of platforms used today”.

TurantPay is expected to launch Q1 2019.

Xinfin’s Telegram: https://t.me/xinfintalk

Xinfin’s Website: www.xinfin.org

Contact Xinfin: info@xinfin.org