Visa Looks To Remove Correspondent Banks In Cross-Border Payments – Will It Affect Ripple (XRP)?

Major financial services provider Visa has reportedly launched a new network which aims to eliminate correspondent banks in cross-border payments. Dubbed “Visa B2B Connect,” the system contains elements of distributed ledger technology – namely, elements of Hyperledger Fabric.
Visa Aiming to Eliminate Middlemen
Visa is one of the largest financial services providers in the world with hundreds of thousands of people using its cards daily for a broad range of different activities. Now, the company has reportedly launched a new network called “Visa B2B Connect” which targets its corporate clients and

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