Is CTX the same as ACH?

The Corporate Trade Exchange (CTX) serves as a vital component in the financial landscape, providing a platform for companies and government agencies to streamline their payment processes.

Operating as an automated clearing house (ACH) system, CTX enables the tracking and automation of recurring payments, significantly improving efficiency and reducing errors.

Through CTX, businesses can set up recurring payment schedules, ensuring timely and accurate transactions with suppliers, employees, and other stakeholders.

Government agencies also leverage CTX to administer payments related to social welfare, tax refunds, and other public services, ensuring transparency and accountability in public funds management.

BTCC, a UK-based cryptocurrency exchange, offers a comprehensive range of services that cater to the needs of both retail and institutional investors. Its services encompass spot trading, futures trading, wallet management, and more.