The European Central Bank’s (ECB) latest study regarding an ideal cross-border payment system claims central bank digital currencies (CBDCs) are superior to Bitcoin, stablecoins, and other traditional...
Tag: crossborder
European Central Bank bets on CBDCs over BTC for cross-border payments
A recent study conducted by the European Central Bank (ECB) on identifying the ultimate cross-border payment medium crowned central bank digital currencies (CBDCs) as the winner against competitors, i...
Reserve Bank of India appoints firm to adopt blockchain for cross-border payments
India has been hostile towards cryptocurrencies, given the hefty taxes that the country has imposed on the sector. However, it has shown more openness towards blockchain technology, with the Reserve B...
Ripple’s XRP-Powered Cross-Border Payment Product Sees 800% Growth Despite Ongoing SEC Lawsuit
Ripple’s XRP-powered, cross-border payment product has seen massive growth in volume year-on-year (YoY) despite the company’s ongoing legal battle with the U.S. Securities and Exchange Commission (SEC...
Ripple Lands Partnership With Singapore-Based Payments Firm To Leverage XRP for Cross-Border Settlements
A Singapore-based payment solution provider is going to use On-Demand Liquidity (ODL), Ripple’s XRP-powered cross-border payment product. FOMO Pay will use ODL to improve its cross-border treasury flo...
Ripple Joins Forces With Singaporean Fintech Giant to Improve Cross-Border Payments
The blockchain company – Ripple – teamed up with the Singaporean fintech firm – FOMO Pay, aiming to boost its cross-border treasury flows. Ripple’s Latest Partnership As a digital payment system for m...
Ripple Partners Singapore Payment Giant “FOMO Pay” To Enable Cross-Border Treasury Payments
– Advertisement – Ripple continues to see global adoption. In a press release today, Ripple reveals that it has formed a partnership with Singapore payment giant FOMO pay to enable insta...
Raymond James’ Darren Coleman: How I Serve Cross-Border U.S.-Canada Clients
Americans mulling a move to Canada might think the financial transition would be a piece of cake. After all, both countries are democracies with advanced banking systems. What could go wrong? Actually...
G20 Nations Affirm Need for Cross-Border Coordination and Stablecoin Regulation
Finance ministers and central bank governors from the G20 nations spoke about the need for cross-border cooperation and stablecoin regulation at a recent meeting. Governmental figures from the G20 nat...
Scope of Cross-Border CBDCs Limited, Say Panelists at Conference
Members of a panel discussion held by the United States Federal Reserve (Fed) have said that the scope of cross-border use of central bank digital currencies (CBDCs) is currently quite limited. The gi...
Bank of Russia backs cross-border crypto payments vs. domestic trade
Russia’s central bank governor Elvira Nabiullina is the latest official to confirm that the country is warming to the idea of cryptocurrency payments, but not domestic ones. According to Nabiullina, c...
Russia Developing Sandbox for Cross-border Crypto Payments – Coinotizia
An institute facilitating Russian exports is now working on the establishment of a sandbox for international crypto payments, local media reported. The goal is to identify potential regulatory and tec...
Russia Developing Sandbox for Cross-border Crypto Payments – Bitcoin News
An institute facilitating Russian exports is now working on the establishment of a sandbox for international crypto payments, local media reported. The goal is to identify potential regulatory and tec...
How This Online Marketplace Is Changing The Face Of Cross-Border Commerce In Asia
Peeba co-founders Kevin Cho and Jacky Lai digitizes wholesale market with BNPL offering Peeba Travel was not the only sector disrupted by Covid border problems as retail equally faced bottlenecks in l...
MoneyGram CEO Confident in USDC Stablecoin for Cross-Border Payments
Established U.S. money-transfer company MoneyGram backs digital assets as the future of remittance. MoneyGram International Inc. is partnering with the Stellar Development Foundation to blend its core...
Russia Mulling Crypto for Cross-Border Payments
Russia is reportedly mulling the plans to allow cryptocurrencies for cross-border payments as on one of the survival measures explorable as the country continues to battle sanctions from the West for ...
SWIFT Tests CBDC Interoperability To Enable Cross-border Payments
The well-known global financial messaging service, SWIFT, is set to test the Central Bank of Digital Currency (CBDC) by interlinking several CBDC networks in order to execute cross-border payments. Be...
SWIFT Experiments With CBDC Interoperability for Facilitating Cross-Border Payments
The global provider of secure financial messaging services, SWIFT, is testing to interlink multiple domestic-based emerging CBDC networks for cross-border transactions. The Belgium-based network, whic...
Ripple’s ODL Solution Adopted by Lithuania’s FINCI for Cost-Efficient Cross-Border Payments – crypto.news
Ripple has announced its partnership with Lithuania’s FINCI. The alliance will make it possible for FINCI to facilitate fast and cost-efficient cross-border retail remittances and business-to-business...
SWIFT Payments Network Ramps Up Cross-Border CBDC Testing
International payments organization SWIFT has announced that it will conduct cross-border tests for central bank digital currencies (CBDCs). This is yet another move by the organization in the digita...
South African central bank mulls digital rand to streamline cross-border payments
The South African Reserve Bank is mulling the issuance of a digital rand, Reuters reported on May 18, citing the central bank’s Deputy Governor Kuben Naidoo. Naidoo said a digital rand could significa...
Ripple Partners With Lithuanian Firm For Cross-Border Payments
San Francisco-based payments company has entered into another partnership deal with Lithuanian FinTech firm FINCI to facilitate cross-border payment services. New Market Opens Up For Ripple The news ...
SBI Group’s Cross-Border e-Commerce Platform Enables XRP Payments
Japan’s SBI Group has made another move to bring XRP to the mainstream as SBI Africa’s cross-border e-commerce platform, SBI Motor Japan, has started to accept payments in cryptocurrencies. Announced ...
Ukraine central bank restricts cross-border crypto purchases with national currency
Ukraine’s central bank, the National Bank of Ukraine (NBU), has tightened restrictions on cross-border “quasi-cash transactions,” including those involving crypto, with its national ...
National Bank of Ukraine Temporarily Bans Cross-Border Crypto Purchases With Hryvnia – Regulation Bitcoin News
The central bank of Ukraine has introduced additional restrictions on international transactions that will prevent Ukrainians from buying crypto assets abroad with the national fiat. The measures are ...
Russia proposes cross-border cryptocurrency settlement with African nations
The Russian President of the Chamber of Commerce and Industry Sergei Katyrin has proposed a new cross-border cryptocurrency settlement for import-export payments, with the intention of boosting relati...
Ripple Partner to Unlock $34 Billion Cross-Border Payment Market in the Philippines
Tomiwabold Olajide An estimated $34 billion in remittances arrive in the Philippines each year In a recent release, iRemit, a non-bank remittance service provider that leverages Ripple’s ODL to ...
XLM or XRP- Decoding LatAm’s crypto cross-border remittance preference
Cross border remittances are a matter of life and death as the Russia-Ukraine war and Afghanistan’s frozen funds have shown us. However, there are plenty of high-stakes use cases for crypto investors ...
Chinese Real Estate Giant Partners With Singapore Exchange On Cross-border Digital Carbon Credits
Greenland Group, a real estate giant backed by the Chinese state, has collaborated with MetaVerse Green Exchange (MVGX), a Singapore-based digital securities exchange through its financial arm, in ord...
Is Knox Wire Revolutionized Transfer Service the Solution to Current Cross-Border Payment Challenges?
Advertisement     Cross-border money transfers are challenging, and the fact that they take up to 5 days to be completed makes users in the financial institutions lose...