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Diamante successfully conducted POC of PayCircle its Defi payments application with Diamond, Textile, Oil, and Pharmaceutical giants

·3 min read

PayCircle is a Defi payment application built for global businesses and individuals. PayCircle allows companies and individuals to Custody, Send & Receive multi-currency (USD/AUD/CAD/EUR/JPY) Fiat and Digital assets (BTC, ETH, ERC20 based tokens and stable coins like USDT) anytime & anywhere, 24*7 and 365 days.

LENEXA, Kan., Nov. 4, 2020 /PRNewswire-PRWeb/ -- The POC's (Proof of Concept) goal was to validate Diamante's vision to make fiat remittance more efficient, a mission it has championed through the launch of its application PayCircle, which offers customers fast, transparent, traceable, and secure cross-border payments.

PayCircle POC saw the participation of bankers and ten heavyweight corporates worldwide, successfully conducting multiple B2B transactions with lightning speed. The corporates that participated in the POC are as below:

1) Kiran Gems - Worlds largest diamond manufacturer
2) Laxmi Diamond - One of the prominent manufacturer of diamonds and jewelry
3) Bentley and Remington Pvt. Ltd. - Pharmaceutical giants from southern India
4) Vee Diam NV - Rough diamond trading company from Belgium
5) Honey Well LLC - Oil producer of the midwest USA
6) Jayvi Diam - Leading diamond company from Israel
7) Meena Diam (HK) Ltd.- Diamond wholesaler, based out of Hong Kong
8) Madhav Trendz - A textile exporter based out of India
9) Mishank DMCC - Diamond trader from Dubai
10) Vaghasia Bros - Diamond manufacturer and trader from India

PayCircle offers a suite of blockchain-based payment solutions designed to make global transactions faster, cheaper, traceable, and more secure. PayCircle's all-in-one dashboard enables businesses to easily and rapidly accept Fiat and Digital Assets payments, including invoicing, checkouts, and subscriptions.

''Bentley and Remington are delighted to be participating in this initiative as part of the POC. For Bentley, being a leading player in pharmaceuticals for a changing world means anticipating changes and transforming into opportunities for our business and customers. To succeed in this mission, we are open to accepting new innovative ecosystems that include many different internal and external initiatives. We welcome the opportunity to work with PayCircle on its Defi Payment application proof of concept to see how emerging technologies can help address today's global remittance market challenges.'' - Arihant Ranka, Director - Bentley and Remington Pvt. Ltd.

''Distributed Ledger Technology holds the potential to dramatically reduce the need for reconciliation in a shared ledger environment. At DCB bank, we always lookout for new emerging technologies to enhance our service and customer experience. I am pleased to join PayCircle and other participating corporates exploring how Defi could streamline the cross-border payment process.'' - Prasanna Lohar, Head of Innovation at DCB Bank.

  • About Diamante Blockchain:

Diamante is a fintech company leveraging blockchain technology to create a dedicated universal ecosystem ensuring full security and establishing concrete trust in trade, payments, financing, and controls. The Diamante ecosystem consists of:
1. Diamante's proprietary blockchain (DiamanteNet).
2. Diamante's ecosystem payments network (PayCircle).
3. Industry stakeholders (the Diamante Consortium).

Learn more at http://www.diamanteblockchain.com / http://www.paycircle.io

SOURCE Commercial Concern