Cross-border payments are inherently inefficient because there is no ubiquitous global system; banking agents operate on different platforms, regulations, and operational protocols.
When a cross-border payment is initiated, the transaction and KYC data gets passed along in a bilateral chain of banking agents until it finds a connection to the intended recipient. This results in layers of fees, prolonged delivery, and a loss of privacy.
OneHypernet uses enterprise decentralised technology to connect markets on a global ledger, enabling a real-time shared view with standardised protocols and data privacy.
When privacy is preserved, any and all users can be connected. Instead of searching through a chain of banking agents, the most efficient payment route is generated from all permutations, giving you direct access to local accounts.
With a complete view of the market, OneHypernet matches offsetting payments across countries. Here’s how we convert 4 cross-border payments into 1 domestic payment.
FX participants currently manage bilateral relationships across different countries, making multiple settlements in different currencies and incurring high cross-border fees.
The potential to offset cross-border payments with local payments exists but is currently not possible. Each FX participant only has a limited view of the entire market as data sharing is infeasible and illegal in some jurisdictions.
OneHypernet uses confidential computing to aggregate all transactions in a secure enclave. This means that data can be processed without being accessed by anyone, not even by us.
This provides a complete view of the market and achieves the most efficient prices possible. Our decentralised netting technology saves FX participants 96% of their cross-border fees while shortening the payment duration.
The OneHypernet Advantage
Our network spans from traditional remittance agents to tier-1 banks, covering diverse currency corridors.
Our team has founded several of the largest money service businesses in Asia, including the first online money-changer in Singapore.
We only work with verified and licensed partners with robust AML and KYC processes.
Full range of integrated FX solutions through a single connection; including live market rates, KYC screening, and enterprise trading.
Our decentralised infrastructure is interoperable with legacy payment rails, blockchain platforms, and digital currencies.
We go a step further with confidential computing to ensure end-to-end data privacy during processing.