Getting To The Heart Of Global B2B Payments Friction
Summary
Without a minimum transaction value, CoinPip promises to get money landed across borders in another company’s or employee’s bank account within two days for a flat fee — without added costs, like forex. That’s an attractive proposition in any market, but in a recent interview with PYMNTS, CoinPip Cofounder and CEO Anson Zeall says Asia is in a position to lead the world in faster B2B payments technology. [bctt tweet=”‘In today’s globalized world, vendors are usually based in emerging markets.”] Asia not only has the demand, but it also has the population eager to embrace such solutions, Zeall added. Well, my response to that is: Bitcoin is seven years old, and JPMorgan is over 100.” The underlying technology with which CoinPip operates remains relatively young, but Zeall said that a faster B2B payments solution is necessary to keep up with modern challenges that businesses face to pay their suppliers and employees. In fact, in a statement last year, Zeall pointed to many of the company’s clients, tech startups that are based in — you guessed it — Silicon Valley and other innovation hubs, like Hong Kong.