Old age form of payments such as cash, card and UPI only works when a transaction is done in an instant. This ensures that by the time buyer leaves from the shop buying the goods, the receives gets the payment. Cryptocurrency being the next generation of digital payments, still the transaction speed is generally slow. Sometimes it takes an hour to complete the transaction.

World Bank has solved this transaction speed issue to a major extent by creating an “Instant payment notification system” where the payment which is originally in crypto is converted in fiat currency in real time at current price and immediately the payment is reflected in receiver’s account in fiat anytime anywhere.

This IPN system enable developers of Merchants and corporates to integrate “World Bank” server into their systems to start accepting payments witin seconds in their bank accounts.