Four German Companies Collaborate on Tokenised Payment Solution for Deposits
CryptoNewsTerminal Staff13 Aug, 2024
Four German Companies Collaborate on Tokenised Payment Solution for Deposits
DZ Bank, DG Nexolution, Festo, and Giesecke+Devrient (G+D) have joined forces to create a prototype for a tokenised payment solution for deposits. The initiative aims to meet the "constantly growing customer demand for automated solutions" and facilitate the creation of new business models. By leveraging token-based business models, the companies believe they can streamline payment processes and enhance efficiency for deposit transactions. This collaboration showcases the growing interest in tokenisation within the financial industry and its potential to transform payment solutions.
