WAL - Western Alliance Bancorporation subsidiary partners with Tassat for delivering blockchain-based payments network

Western Alliance Bank, primary subsidiary of Western Alliance Bancorporation (NYSE:WAL), will implement a fully integrated digital banking platform for its customers including a digital token powered by the TassatPay Network and a private Ethereum blockchain. This platform will enable Western Alliance Bank clients to make instant payment to other Western Alliance Bank customers enrolled in TassatPay. New York-based fintech company, TassatPay will allow the bank’s clients to make real-time digital payments via tokenizing their U.S. dollar deposits. "As we get set to launch this capability over the next few months, we will also continue to build out advanced treasury management solutions. We envision blockchain-based digital payments and related services will be important new offerings for our business," President and CEO, Western Alliance Bank Kenneth A. Vecchione commented. WAL shares trading 1.2% higher premarket

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Western Alliance Bancorporation subsidiary partners with Tassat for delivering blockchain-based payments network