Visa (V) is launching a new service, Visa B2B Connect, to facilitate cross-border business to business transfers. The service launched on June 11th connecting 30 global trade corridors. The service uses a distributed ledger system to enhance transparency and decrease the likelihood of fraud. There exists a significant opportunity for growth in this area, with the global B2B cross-border payment industry taking in $127 billion in revenue in 2017. Visa’s brand and expertise in the payment industry should help aid its expansion into this payment area and the greater efficiency