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HashCash's Blockchain-based Remittance Solution to Global Banks via HC Remit

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  • HashCash's Blockchain-based Remittance Solution to Global Banks via HC Remit

    HashCash's HC Remit is a blockchain-based cross border remittance platform that offers high-end transaction solutions to global banks and financial institutions to bring down the cost of the process and time.

    PALO ALTO, Calif. (PRWEB) August 04, 2020

    HashCash Consultants is helping global banks to modify and transform their remittance operations and payment processing by leveraging HC Remit and integrating the same with their existing infrastructure. The aim is to lower the cost and time usually taken for remittances and elimination of intermediaries. The leading blockchain development company is extending blockchain aid through innovative financial products to streamline the legacy processes in the financial sector and beyond.

    "HC Remit has been designed to address and solve the core issues with cross border remittances. Powered by blockchain, it simplifies the entire process, eliminating the involvement of third-party intermediaries creating a more efficient and transparent system for banks, exchanges, and financial institutions", says Raj Chowdhury, CEO, HashCash Consultants.

    Fortified by the unique features of blockchain technology HashCash's HC Remit is an advanced platform that facilitates cross border transactions bringing down the processing cost and time taken for remittances. HC Remit replaces the EOD reconciliation of transactions, processing it in real-time. It eliminates the need for third-party processing platforms like SWIFT and other payment gateways, which charge a hefty amount for transactions, without offering any kind of traceability or transparency of the processes.

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