BlockCypher, blockchain web services company, has announced instant cross-border payments enabling companies worldwide to provide faster, low cost and secure clearing and settlement of payment transactions.

According to the official announcement, BlockCypher allows payments to every corner of the globe. The payments include Confidence Factor API, Transaction API, Address API, Ethereum API and Webhook API. These API’s are available on public chains like bitcoin and Ethereum and also private chains. They are used in more than 50 countries, supported by over 15 million API calls per day.

“Many companies are addressing the cost and processing times of international payments. BlockCypher executes almost-instantaneous payments and is used worldwide. It's real and in production today. It’s not a theoretical 80+ people design-phase POC,” Catheryne Nicholson, founder and CEO of BlockCypher said.

Apart from BlockCypher Payments, BlockCypher Test Chain is used by companies in order to accelerate development and time-to-market of new applications. BlockCypher is already used by thousands of companies and developers for global payments, clearing, and settlement. These companies have reduced developer costs by 35% by using its services.

“BlockCypher provides infrastructure and web services that enable new blockchain products to make existing processes more efficient, secure, transparent and inexpensive,” Bart Cant, Principal of Business and IT Transformation for Capgemini Financial Services said.

Capgemini and BlockCypher are organizing a webcast on 21 Sept 2016, that will address on how companies are using blockchain to provide fast payments. Earlier in June, BlockCypher announced that it has added support for Ethereum, thereby becoming the first software company to offer both Ethereum and Bitcoin APIs on the same platform.