Public blockchain platform Zilliqa (ZIL) has partnered with Singapore-based payments provider Xfers to explore the use of blockchain-based solutions in the digital payments space in Southeast Asia. This, according to a report by The Business Times, June 19, 2019.
Making Payments More Efficient and Transparent
The use of blockchain technology to streamline operations in the instant payments space is not something unheard of. Several blockchain startups have collaborated with multinational banks and financial institutions to bring a degree of transparency and accountability to the trillion dollar industry.
Continuing this trend, enterprise-grade smart contracts platform Zilliqa is looking to impart efficiency in terms of cost, transparency, and security to Xfers’ payment platform.
Per sources close to the matter, Xfers is mulling utilizing Zilliqa’s newly-launched smart contracts offering which was integrated with the project’s mainnet on June 9, 2019.