Barclays Capital Covers Traxpay, Highlights Use of Blockchain Technology

Cover of report: Barclays Capital covers Traxpay, Highlights Use of Blockchain Technology


Barclays Capital covers Traxpay in its latest Fintech and Payments equity research report. It highlights our uniqueness in extending our services to the Ethereum Blockchain technology.

From page 23: “This is a SaaS platform which can integrate into existing ERP systems enabling STP of business payments in real-time and 24⁄7. Traxpay is unique in that all services are extended using the Ethereum Blockchain creating smart contracts for B2B trade finance and processing cross border payments. Use of blockchain technology removes the interaction of humans as verification as machine-to-machine transactions are made possible when pre-set conditions are met.”