Notabene Launches Stablecoin Payment Platform for High-Value Business Transactions

Notabene Flow offers pull payments, recurring billing, and compliance-driven coordination, partnering with firms like Zodia Custody, Bitso, and Borderless.

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Summary

Cryptocurrency AML specialist Notabene has unveiled Notabene Flow, a stablecoin payment platform aimed at facilitating high-value B2B transactions with enhanced compliance features. The platform leverages Notabene’s network of over 2,000 regulated entities handling $1.5 trillion annually. Key functionalities include pull payments, recurring billing, payment authorization, invoicing, and dispute resolution, designed to replicate protections found in traditional financial systems. Founding partners Zodia Custody, Bitso, Gnosis, and Borderless will implement the service, which relies on the Transaction Authorization Protocol and Global Legal Entity Identifier Foundation standards to ensure verified counterparty trust. CEO Pelle Braendgaard stated the system addresses inefficiencies in cross-border payments by merging stablecoin speed with a robust trust framework.

Terms & Concepts
  • Stablecoin: A cryptocurrency pegged to a stable asset, such as fiat currency, designed to reduce volatility in digital transactions.
  • Pull Payments: A payment method allowing recipients to initiate transfers from a payer’s account with prior authorization, enabling features like recurring billing.
  • LEI Standard: The Legal Entity Identifier is a globally recognized code used to uniquely identify legal entities engaged in financial transactions.