For all the marketing around B2B electronic payment platforms, many of which are based on blockchain, there are few actual users of the technology – even though it purports to reduce the time needed to send, clear and settle global payments from days to seconds.

The technology enables the representation of digital currency (a "stable coin") backed by traditional fiat money, or the creation of cryptocurrencies (a new asset class) such as bitcoin or Ethereum, Ripple's XRP or Stellar's Lumen, enabling new sources of liquidity. Those digital assets are transmitted across a decentralized network where transactions are recorded on an immutable blockchain ledger.

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