"Billon’s FCA registration will help prove that you can encrypt everyday currencies without the need for an alternative cryptocurrency."
Billon’s technology allows corporate clients such as tobacco giant Philip Morris to manage loyalty incentive payouts themselves, and provides the ability to gather data on recipients during the transaction.Onboarding of beneficiaries is done using an app. Beneficiaries receive a virtual bank account number at the time of registration, and have the ability to pay to any UK banking account or to withdraw from 60,000 locations.
David Putts, Director of Billon Financial, and MD of Expansion and Partnerships at Billon Group, said: “This is a real milestone for both Billon and the UK’s FinTech sector. We feel that Distributed Ledger Technology can underpin everyday currency solutions and solve the authentication and cost problems faced by corporations using expensive pre-paid cards or cheques as a payment method.”
This is a real milestone for both Billon and the UK’s FinTech sector.
David Putts, Director of Billon Financial, and MD of Expansion and Partnerships at Billon Group