Close Menu
AlexaBlockchain
  • News
  • Press Releases
    • Submit Press Release
  • Adoption
  • Funding
  • Interview
  • Policy
  • Explained
    • Bitcoin Halving 2024: Will it Trigger the Next Bull Run?
    • Everything You Wanted to Know About Bitcoin But Were Too Afraid To Ask
    • Cryptocurrency: what makes it so popular?
    • Top Five Crypto Scams And How To Avoid Them
    • Cloud Mining Explained
    • What are NFTs?
    • What is a Web3 Browser?
    • How To Build High Quality Crypto Backlinks
  • About
  • Advertise
  • Trending
    • #BitcoinHalving
    • #CloudMining
    • #Web3.0
    • #Metaverse
    • #NFTs
    • #PlayToEarn
    • #DeFi
    • #BlockchainTechnology
    • #Bitcoin
    • #Cryptocurrency
    • #DigitalAssets
Facebook X (Twitter) Instagram
Thursday, December 7
  • CryptoPR
  • Submit Press Release
  • Advertise
  • Partner
  • Affiliate Disclosure
  • Contact Us
X (Twitter) Facebook LinkedIn Instagram
AlexaBlockchain
Banner
  • News
  • Press Releases
    • Submit Press Release
  • Adoption
  • Funding
  • Interview
  • Policy
  • Explained
    • Bitcoin Halving 2024: Will it Trigger the Next Bull Run?
    • Everything You Wanted to Know About Bitcoin But Were Too Afraid To Ask
    • Cryptocurrency: what makes it so popular?
    • Top Five Crypto Scams And How To Avoid Them
    • Cloud Mining Explained
    • What are NFTs?
    • What is a Web3 Browser?
    • How To Build High Quality Crypto Backlinks
  • About
  • Advertise
  • Trending
    • #BitcoinHalving
    • #CloudMining
    • #Web3.0
    • #Metaverse
    • #NFTs
    • #PlayToEarn
    • #DeFi
    • #BlockchainTechnology
    • #Bitcoin
    • #Cryptocurrency
    • #DigitalAssets
AlexaBlockchain
You are at:Home ยป Blockchain can simplify and secure international B2B payments for SMEs: Clavis Fintech founder
Opinion

Blockchain can simplify and secure international B2B payments for SMEs: Clavis Fintech founder

Arun ShakyawarBy Arun ShakyawarFebruary 27, 2023Updated:February 27, 2023No Comments2 Mins Read
Twitter Facebook LinkedIn Reddit Email WhatsApp
Blockchain can simplify and secure international B2B payments for SMEs
Blockchain can simplify and secure international B2B payments for SMEs
Share
Twitter Facebook LinkedIn Pinterest Reddit Telegram Email WhatsApp

Small and medium-sized enterprises (SMEs) stand to gain greatly from using blockchain technology to facilitate international business-to-business (B2B) payments, according to Kazi Monirul Kabir, founder of Clavis Fintech.

Traditional B2B payments rely on correspondent banks to handle transactions, incurring fees for almost every step along the way. By contrast, blockchain can simplify the payment process and reduce costs by cutting out correspondent banks. Kabir noted that blockchain is also more secure because each transaction is unique and traceable.

SMEs are key drivers of the global economy and are becoming increasingly relevant during the post-pandemic recovery. Kabir stressed that they need all the help they can get, and that blockchain can facilitate frequent, smaller payments.

Unfortunately, SMEs have been slow to adopt blockchain, largely due to a lack of viable alternatives to traditional banking. To encourage adoption, Clavis Fintech plans to launch a B2B blockchain payment platform, with a minimum viable product to be released in May and the full platform later this year.

Kabir said that blockchain can also help simplify complex global logistics and supply chains. With blockchain, e-commerce platforms can easily manage multiple suppliers and payment partners, focusing solely on sales.

Kabir noted that the business landscape is more conducive to blockchain adoption than ever before. However, SMEs remain hesitant due to a lack of priority and alternatives in the traditional banking system.

Clavis Fintech aims to become an enabler for people finding new ways to earn a living during the post-pandemic entrepreneurship boom, especially digital nomads who are being ignored by traditional banks. Kabir believes that the contestable space in B2B payments is huge and that Clavis Fintech can become one of the leaders in the space.

Read Also: BOTS, Inc. Launches New B2B Services Based on OpenAI and ChatGPT

Blockchain Technology Payment Ecosystem
Share. Twitter Facebook LinkedIn Reddit Pinterest Tumblr Telegram Email WhatsApp
Arun Shakyawar
  • Website
  • X (Twitter)
  • LinkedIn

Arun Shakyawar is a Tech writer based out of Los Angeles. He holds an Engineering degree in Electronics and communications, and an MBA in marketing. He specializes in TMT. Before writing full-time, Arun worked as a management consultant with leading consulting firms. As a consultant he developed interest in blockchain technology, and now actively tracks blockchain and digital asset markets. Arun can be reached at arun@alexablockchain.com.

More AlexaBlockchain

Global World Blockchain Summit Returns to Bangkok on December 13-14, 2023

December 5, 2023

Beyond Imagination Technologies: Pioneering Blockchain Solutions in India – An Exclusive Interview with CEO Nikhil Goyal

November 28, 2023

Hyperledger Besu Gets a Zeeve Upgrade

November 28, 2023

Hyper Oracle Introduces opML to Run Large ML Models on Ethereum Blockchain

November 22, 2023

Amazon, NVIDIA and others Propel BP-FLAC with $10M Funding for AI and Blockchain Breakthroughs

November 18, 2023

DATE India 2023 To Explore Tech Revolution With MoS Rajeev Chandrasekhar

November 14, 2023
Add A Comment

Comments are closed.

Don't Miss

Fintech Frontier: Fideum Flourishes with Mastercard’s Finitiv Award

Liminal Collaborates with Himachal Police in a Successful Operation Against Crypto Fraud

BitMEX Partners with PowerTrade to Meet Product Demands from Professional Traders

Global World Blockchain Summit Returns to Bangkok on December 13-14, 2023

Trending Topics
  • Blockchain News
  • Blockchain Technology
  • Blockchain Platforms
  • Blockchain Regulation
  • Bitcoin News
  • Ethereum News
  • Ripple News
  • Tezos News
  • CBDC
  • NFTs
Featured Companies
  • Binance
  • Tech Mahindra
  • Huobi
  • Efforce
  • Future FinTech Group
  • SuburbanColors
  • Launchpool Labs
  • Lucky Crab Club
  • SIMBA Chain
  • Bulldog Law
Stay Updated
  • Events
  • Newsletters
  • Follow
  • Follow on Google News
  • Blockchain Directory
Get In Touch
  • CryptoPR
  • Advertise
  • Partner
  • About
  • Careers
  • Write for Us
  • Submit Press Release
  • Submit Guest Post
  • Contact US
Copyright © 2023. AlexaBlockchain
  • About
  • Advertise
  • CryptoPR
  • Submit Press Release
  • Write for Us
  • Careers
  • Privacy Policy
  • Affiliate Disclosure
  • Contact

Type above and press Enter to search. Press Esc to cancel.