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Global payments hub goes boldly into blockchain territory

DH says it is the first industry provider to offer a secure, closed-loop distributed ledger system to connect bank networks, move money in real-time, and improve access to liquidity.

Fintech provider DH Corp., has successfully integrated blockchain distributed ledger technology into its global payments services hub, according to a company press release.

The company said that this integration represents an industry first. The integration means that banks can now access distributed ledgers to connect bank networks, move money in real time and improve access to liquidity.

The blockchain solution was built as an extension of the company's Global Payplus solution, which helps FIs of all sizes manage all payment types — including high value, mass and immediate payments — and all currencies in one integrated system, domestically and across national borders.

According to the release:

Financial institutions using DH’s payments hub will be able to utilize a secure, closed-loop distributed ledger system to connect bank networks, move money in real-time, and improve access to liquidity. Using the solution, peer-to-peer payments can be made in real-time, benefitting from the anonymity inherent in blockchain technology to ensure security and reduce risk.

DH is now in active discussions with banks to implement its new payment solution.