The new payment platform, which is set to be launched across France later this week, will allow users to make purchases using their mobile phones.
One of the leading French banks, BNP Paribas, has processed its first live payment transactions for two of its private clients using the blockchain technology.
BNP Paribas is planning to announce a new platform developed in the collaboration by the end of 2016.
Financial institutions all over the world partner to explore and adapt the blockchain technology to financial needs.
BNP Paribas and Bank of Ireland demonstrate the disruptive potential of the Blockchain technology.
Final round increased the total sum of investment to $60 million.
The company gets $50 million to apply a distributed ledger to financial services and expands its Board of Directors.
Thus R3 project has just grown up to 42 members – the world’s largest and most influential banks.
The innovation firm R3 has received support from five additional banks that joined the company’s project on developing blockchain solutions for the finance industry.