Billon, a UK-based blockchain services provider, has partnered with Polish firm Igoria Trade to allow digital use of the multi-currency IgoriaCard across 150 countries through its blockchain technology.
Billon uses its blockchain to store and transfer real, regulated currencies and smart data.
This collaboration will allow Billon’s customers to use Igoria cards for transactions in physical stores as well as online purchases at low exchange rates.
Available in plastic and virtual forms, these cards are run on the Mastercard network, and provide a digital system to manage limits, payment history, and facilitate currency exchange.
Igoria cards will be stored in electronic form on Billon’s blockchain platform and payments made using the cards will be funded through the e-money present on the platform.
Billon CEO and founder Andrzej Horoszczak said: “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.”
Igoria Trade CEO Wojciech Kuliński said: “The move to integrate Billon’s distributed ledger technology with IgoriaCard is truly exciting.
“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.”