US Credit Union Industry Blockchain Alliance will launch cross-border payment products based on R3's Corda

On May 22nd, CULedger, the US credit union industry blockchain alliance, will launch CU Pay, a cross-border payment product based on the Corda blockchain platform of enterprise software company R3, designed to connect to payment networks, thereby reducing cross-border electronic funds. The friction of the transfer. It is reported that CU Pay is planned to be launched in 2020 and integrated with Corda-based decentralized application "Corda Settler". Note: CULedger joined the R3 global blockchain ecosystem in December 2018.