Philip Morris Replaces Pre-Paid Cards with Blockchain Technology

[kreslik.news]

Finech startup Billon Group and tobacco giant Philip Morris International (PMI) have announced the successful completion of a series of pilots in Poland over the past eight months to replace pre-paid card solutions with a fully digital and mobile solution on a distributed ledger.

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Billon cooperates with PlusBank in Poland and provides value added services to corporate clients in the form of instant payments, and will soon make this available to merchants and eSports enthusiasts too. It enables banks to deliver a mobile current account and, levering blockchain, reduce costs ... (read more)