Review on clearXchange by Regina M_va
Review on clearXchange
You've probably heard that the largest banks in America wanted to create a system that would be much more efficient than blockchain. They called this system clearXchange, which appeared in 2011 but only now started to work more better.
This network allows in a simplified version to conduct instant transactions of funds between clients of the network of the largest US banks.
This network makes instant payments with only your phone number or recipient's name. The system has its own customer database, where have all the necessary payment details , which made it possible to simplify the process of transferring funds.
I think ClearXchange will provide customers with many new opportunities and it will be a great push in the future.
Pros
- instant transactions of funds between clients of the network of the largest US banks
- makes instant payments with only your phone number or recipient's name.
- simplify the process of transferring funds.
Cons
- Nothing to add
