PYMNTS· PYMNTS·· 3 hours agoAI score47
Smart contracts connect B2B workflows to real-time payments
Smart Contracts Connect B2B Workflows to Real-Time Payments
AI brief
AI-assisted source summary · not independently verified. Content standards
Smart contracts can generate payment instructions once an invoice is approved, connecting enterprise workflows to bank payment systems and routing payments across RTP, ACH, or wires based on bank availability. Worley has connected its blockchain smart contract platform to HSBC’s settlement utility, with a pilot executing payments through RTP and automatically completing invoice verification. Research shows that 53% of surveyed businesses not yet using RTP expect to adopt it within two years.
Source:PYMNTS · pymnts.com