Strategic partnership between Billon and Igoria has potential to power multi-currency cards with blockchain technology across 150 currencies
Billon, the company that civilized blockchain to build business solutions for real money and smart data, has today announced a strategic partnership with Igoria Trade, the company behind IgoriaCard, which allows users to make payments in 150 currencies with low exchange costs and access to a dozen free accounts. Billon’s customers will now be able to utilise this service and breadth of payment processing, in addition to the existing solutions built using its Distributed Ledger Engine.
IgoriaCard uses the Mastercard network to deliver an internet transaction system for managing limits, payment history, and enabling currency exchange, in both a plastic and virtual form. The Igoria-issued cards will be held in electronic form on Billon’s blockchain platform, enabling payments in all bricks-and-mortar stores, including the use of NFC payments, as well as for card-not-present transactions in e-commerce. Transactions made using the card will be funded with e-money held using Billon’s blockchain.
“The partnership with Igoria is the start of a relationship that could see us fully commercialise our distributed ledger technology and move from existing individual deployments to a much broader transformation of payments and the banking system,” said Andrzej Horoszczak, CEO and founder. “Both Igoria and Billon have aspirations to expand globally and with cutting edge technology now at their fingertips, the future of payments is on the horizon.”
“The move to integrate Billon’s distributed ledger technology with IgoriaCard is truly exciting,” said Wojciech Kuliński, CEO at Igoria Trade. “We’re committed to staying at the cutting edge of technology and believe the partnership with Billon is the perfect opportunity for us to take the next leap forward.”