Blockchain Revolution Series: ‘Wells Fargo’ Goes Into Strategic Partnership With ‘TransferMate’

It is quite known that Fintech has been one of the swiftly growing sectors. Fintech gamut symbolizes the progressive enterprises that leverage cutting edge technology to bring-in friendly financial products and solutions that are quite far more agile and pioneering compared to traditional financial institutions.

For now, the renowned fintech venture ‘TransferMate’ is collaborating with the reputed banking company ‘Wells Fargo’ to render services for the US-based international businesses with a more cost-effective solution for the overseas transactions of customers across the globe. With an intention of banking giant to have a competitive edge among the FinTech space, Wells Fargo likely to go digital collaborating with TransferMate, which is one of the world’s leading cross-border B2B payments providers, who deliver Global Invoice Connect platform.

The invoicing platform serves the US dollars and local currencies in over 50 countries around the world through a local funds transfer. 

Terry Clune, co-founder, and CEO of TransferMate says,

“With this relationship, TransferMate and Wells Fargo are leading the charge in reducing the friction between borders for international businesses, and those aspiring to expand abroad. Global Invoice Connect is a prime example of two innovative financial services companies coming together to deliver a powerful new payments technology that helps businesses stay ahead of the curve in an increasingly fast-paced world.” 

As the cryptocurrencies have resumed their bullish streaks amid the mixed bag of turbulence between constructive and adverse news. The lingering prospects among the Blockchain/FinTech space have led the keen interest continues to mount everywhere, reputed institutions from Big 4 auditing firms to the central banks of advanced economies have been investing into R&D projects of blockchain and cryptocurrency gamut. 

Currency Strength Index: FxWirePro's hourly BTC spot index is flashing 109 (which is bullish), while the hourly USD spot index was at 110 (bullish) while articulating (at 06:13GMT).

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