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Notabene launches a stablecoin payment platform to create a new ecosystem for high-value commercial transactions.
[Coin World] The compliance company Notabene has launched Notabene Flow, a stablecoin payment platform aimed at high-value commercial transactions. The platform introduces features such as payment authorization, invoice issuance, and dispute resolution to address the limitations of "push-only" cryptocurrency transfers and supports pull payments and periodic settlements. It utilizes the (Transaction Authorization Protocol) and collaborates with GLEIF to use the LEI standard for real-world verification. Initial adopters include Zodia Custody and Bitso, aiming to combine the speed of stablecoins with the compliance of traditional finance. CEO Pelle Braendgaard stated that stablecoins provide an opportunity to transform the slow and costly cross-border B2B payment model, which requires a trust framework to achieve scalability.