Foodtech International Inc. (FTI) announced that they will be integrating FLASH coin into their business model, allowing them to quickly transfer funds locally and internationally.
With Chris Kitze, the co-creator of FLASH, offering his consulting services to FTI, the process of merging blockchain technology with everyday business is taking place seamlessly before our eyes.
Since FLASH coin processes transactions in less than two seconds with a transfer fee under a penny, it offers benefits to both Fortune 500 companies and everyday people alike.
FLASH coin is based on the Safe Cash blockchain, making it an inexpensive way to transfer value, while being eco-friendly, as it doesn’t require copious amounts of electricity to ensure its functionality.
FTI states that, “problems can be solved in minutes rather than days [by using FLASH coin]”.
FLASH – The Future of Remittance Payments
FTI also has licenses for FLASH coin remittance technologies, allowing everyday people to send cryptocurrencies globally for next to free transaction fees. Historically, remittance payment processors like Western Union have dominated the industry, yet they have stiff competition from novel remittance payment options that utilize blockchain technology, as FLASH can provide the same service nearly instantly and at a fraction of the cost.
FLASH coin is a non-profit organization focused on allowing businesses and everyday people across the world to utilize the blockchain to send value with fees that are near zero. This is why companies like FTI are integrating FLASH coin into their business.
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