A partnership between Billon and Igoria has potential to power multi-currency cards with blockchain technology across 150 currencies.
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.”
About Igoria Trade
Igoria Trade was founded in 2011 by a team of banking experts in Warsaw, Poland. The company received instant recognition as the leading provider of international advisory, consulting and payment processing services to the company’s and individuals. In order to provide a complete range of payment processing services, Igoria Trade S.A. is the European Financial Institution. Additionally, company offers services like transfers or Escrow account. Igoria Trade S.A. is listed on the Warsaw Stock Exchange, NewConnect.
Billon has civilized blockchain and unleashed the full power of distributed technology to create next generation solutions that combine flows of real money and smart data. Built on our own distributed ledger engine, a revolutionary light-weight architecture shifts control to the user while giving big businesses transformational solutions to redesign their own internal process for the new all-digital world. Our technology provides world’s leading scalability and regulatory capability to encrypt and process any real currency, deliver instant payments at ultra-low costs and power new business models.
Founded in 2012, Billon is an FCA registered eMoney institution with a global team of more than 100 professionals across its offices in the UK, US and Poland. One of its ready solutions was awarded a Horizon 2020 grant, the EU’s biggest research and innovation programme.