Cryptocurrency Anti-Money Lausing (AML) Specialist Notabene has introduced Notabene Flow, a stableCOin payment platform designed for high value business transactions.
Notabene, a company that focused on bringing adherence to crypto transactions, such as using the so-called “Travel Gel,” said its platform adds features that are long absent from Crypto Rails in an email declaration Monday. These include a payment permit, invoicing and dispute resolution to make stableCOin transfers viable.
Institutional companies such as Zodia Parent Authority, Bitso and Borderless are among the preliminary adopters who want to combine stableco velocity with observance standards known for traditional funding (Tradfi).
There is a lot about stableecoin payments at the moment, including the message this week, that Swift, the long-established Interbank-Messaging platform, reveals its own blockchain-based stablecoin system for payments.
One obstacle to stableecoin payments is that most crypto transactions are “only push” leaving companies without protective measures to turn payments or block fraud, Notabene said. The company’s new application introduces drag payments, recurring invoicing and standardized coordination between verified participants, supported by the company’s network of 2,000+ regulated devices.
The platform is dependent on the transaction permit protocol, an open standard that acts rather as a quick -style messaging layer. Notabene collaborated with the Global Legal Entity Identifier Foundation (GLEIF), a way of obtaining unit verification rooted to the internationally recognized LEI standard, giving every participant a reliable foundation of the counterparty’s confidence.
“Cross-border B2B payments have always been slow, expensive and complex,” said Pelle Braendgaard, Notabene CEO. “Stableecoins are the first real opportunity to change it, but these high values need a confidence frame to succeed in scale. Notabene Flow delivers that frame.”
