Fastcash will use Knox Wire to expand its cross-border payment capabilities and streamline the cross-border payment process.

SÃO PAULO, December 17, 2022 /CNW/ — Fastcash and Knox Wire announce global payments partnership. The collaboration orchestrated by Zed Network will power as much as possible $1.2 billion per year in volume.

Fastcash uses a digital gateway that processes deposits or withdrawals at physical locations such as ATMs, banks, offices, post offices and retailers. Through an intelligent arbitration process, payments have accurate identification metrics and allow for easy ID verification by authorities or individuals. Fastcash serves more than 8.6 million Brazilians and enables the transfer of over BRL 10 billion per year, which allows Brazilian companies to grow.

Knox Wire can process payments to nearly 30,000 financial institutions in 190 countries. Transactions are quickly processed between financial institutions using Knox Wire’s real-time gross settlement system, which tracks the progress of each transaction in real-time.

Fastcash will use Knox Wire to expand its cross-border payment capabilities and streamline the cross-border payment process. Fastcash will also work with Knox Wire to provide more efficient access to the Brazilian market. The collaboration will create a mutually beneficial solution and gradually expand the potential for cross-border payments Brazil.

Chief Executive Officer of Knox Wire, Stephen McCullahsaid, “The partnership between Knox Wire and Fastcash is an opportunity that enables both companies to offer better financial services to both companies worldwide.”

CEO of Fastcash Renato da Silva Filho said, “Working with Knox Wire will enable faster cross-border transactions for Fastcash customers while giving Knox Wire access to the robust Brazilian market.”

About Fastcash
Fastcash provides a financial gateway to access a wallet based on a…