New B2B Trust payment based on Blockchain. Smart Contracts vs. Banks

Presented by

Pablo Gómez, Co-Founder, B2B Pay, S.L.

About this talk

During the past 200 years, payment terms among businesses have not changed much. The King is a bank letter of credit, which is very secure and avoids the buyer form canceling the order, however, it has several downs as it is very bureaucratic, slow, and expensive; the same happens with credit insurance, payment in advance, escrow systems or credit card, have some pros and cons which are bigger now with covid. We see a potential market for blockchain payment systems that give trust and fairness to the buyer and for the seller at the same time avoiding fraud. You will find out about a disrupted solution that solves most of the cons of the mentioned traditional systems, B2B Pay, which allows buyers and sellers to use a trust, fast, and cheap blockchain payment system.
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