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Visa invites lenders to test a system for sending money over blockchain

Taking its first step towards disrupting the market for payments between banks, Visa (NYSE:V) will invite lenders today to test a system for sending money over blockchain, the technology underpinning bitcoin. The credit card company, which has been investigating blockchain’s potential for 18 months, has teamed up with BTL Group to adapt the technology for processing interbank payments.

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