Christina Dorosh, Vice President of Visa for the Central Asia and Azerbaijan region, emphasizes that tokenization can alter the approach to trade and relationships between trading partners. She also notes that the number of tokenized transactions in Azerbaijan and worldwide is rapidly increasing.

Thus, tokenization technology can influence the concept of trade relationships and disrupt the traditional way of conducting business. In this regard, Visa actively promotes this technology in various regions around the world, including Central Asian countries and Azerbaijan.

"This solution is inherently non-card. It is built on blockchain technology and enables quick, secure, convenient, and controlled cross-border fund transfers for businesses engaged in foreign economic activity. In Azerbaijan, we are witnessing a very active growth of banks adopting this technology. Azerbaijan stands out as the country with the highest number of banks working with the B2B Connect solution."

Tokenization will change the concept of trade relations
July 14