Align Commerce, a US-based payment solution provider, has launched a new blockchain payment rail that will enable businesses to send and receive payments to and from China.
The multi-rail technology will benefit businesses from both countries as it combines the blockchain with traditional payments, simple invoicing and real-time payments tracking.
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Align Commerce said it will charge $8 per transaction fee for eight days, which includes foreign exchange fees for all export-import payments to China from the US.
The platform also reduces time and excessive fees charged in comparison to traditional wire services, Align Commerce added.
Align Commerce CEO and co-founder Marwan Forzley said: "The number eight is traditionally a lucky number in Chinese culture, and we’re hoping to spread the luck around and help small business owners save some money with our ‘$8 for Eight Days’ promotion."
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