Global watchdog: Stablecoin cons outweigh pros for cross-border transactions

2023-10-31 18:19

The Committee on Payment and Market Infrastructures has highlighted both the potential and the substantial challenges of adopting stablecoins in global cross-border payments, underscoring their current non-compliance with international regulations. origin »

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cross-border global stablecoins adopting substantial challenges potential

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Источник: btcmanager.com

cross-border global → Результатов: 126

Drawbacks of Stablecoin Cross-Border Use Outweigh Benefits: Global Payments Watchdog

Existing stablecoins aren't fully compliant with relevant regulatory requirements, a report by the Committee on Payment and Market Infrastructures said.

2023-11-1 15:56
report requirements relevant regulatory committee infrastructures said

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Ripple Explains Why Enterprises Seek Its Solutions Amid Economic Uncertainty

Global businesses are confronting significant headwinds as cross-border payment volumes have rebounded to pre-pandemic levels while grappling with the looming challenges of escalating interest rates.

2023-9-28 00:00	XRPUSD
pre-pandemic levels rebounded volumes grappling escalating interest

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Citigroup To Launch Private Blockchain Pilot for Institutional Clients

Citi pilots blockchain-based Citi Token Services to give global institutional clients instant 24/7 cross-border transfers and smart contract trade finance.

2023-9-19 21:03	News
citi clients institutional transfers instant cross-border finance

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Visa’s Cross-Border Payments Now Include Solana: How Big Is This for SOL?

Visa, the global financial services giant, has announced the expansion of its cross-border payment services to include Solana, a high-performance blockchain platform. This strategic partnership is more than just a headline; it’s a significant milestone that could reshape the landscape of digital payments and cryptocurrencies.

2023-9-5 16:43	Latest News
visa services payments solana cross-border include partnership

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CBDCs offer faster settlements: Citi survey of global securities firms

The year-on-year growing support CBDCs is supported by ongoing domestic pilots and cross-border initiatives in various jurisdictions, banking giant Citi found.

2023-8-23 11:31
citi cbdcs cross-border pilots domestic ongoing initiatives

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XRP Set for Price Explosion Amid Ripple’s Expectations for $250 Trillion Cross-Border Payments

According to Ripple, blockchain and crypto technologies are attracting the interest of global financial executives as they present a potential solution to modernize the underlying infrastructure of international payments.

2023-7-20 14:23	xrpusdt
payments ripple financial interest global executives present

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India negotiates cross-border CBDC payments with global central banks

The CBDC should enhance the country's potential for foreign trade with nations that lack U.S. dollar reserves.

2023-7-5 13:15	CBDC
cbdc potential country enhance should foreign nations

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IMF’s Foray into CBDC: Global Digital Currency Platform In The Works

Per a Reuters report, the International Monetary Fund (IMF) is working towards the launch of a global central bank digital currency (CBDC) platform that can facilitate cross-border transactions. Related Reading: Bitcoin Long-Term Holders Refuse To Budge As Movements Remain Low IMF Takes On CBDC Market Speaking at a conference attended by African central banks, IMF […]

2023-6-21 21:00	IMF
imf cbdc platform central currency digital global

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IMF wants to create a global CBDC platform to compete with threat of crypto

The International Monetary Fund (IMF) wants to create a global central bank digital currency (CBDC) system in an effort to connect countries and allow seamless cross-border transactions, Reuters reported.

2023-6-20 22:50	CBDCs
imf global cbdc wants create connect countries

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Cardano Price Prediction Looks Grim While Metacade Set To Moon

Blockchain technology is disrupting a variety of global industries through its unique ability to democratize internet ownership. Whether in crypto gaming, digital artwork, supply chain management, or cross-border finance, blockchain technology is delivering more transparency and greater control for individuals while they use online services.

2023-2-1 19:24	Cardano Price
technology blockchain delivering finance cross-border management digital

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Ripple draws closer to dominating the global cross-border remittance industry

Ripple expands its ODL presence into Africa through MFS Africa. Why Ripple’s approach for the African rollout has targeted a mobile payment gateway. Ripple has continued to expand its ODL The post Ripple draws closer to dominating the global cross-border remittance industry appeared first on AMBCrypto.

2022-11-16 18:00	News
ripple industry odl africa remittance cross-border global

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Southeast Asia Leads the World in Crypto Adoption, Propelled by Play-to-Earn Gaming: Chainalysis

Games like Axie Infinity and cross-border crypto transfer applications push “lower middle income” nations to global leadership in crypto adoption.

2022-10-26 21:03	Layer 2
crypto adoption applications push transfer cross-border lower

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OECD Issues Framework to Tackle International Tax Evasion Using Crypto-Assets

OECD has issued a global tax reporting framework for cryptocurrencies that will assist tax authorities in keeping track of cross-border transactions of crypto assets.

2022-10-11 15:30
tax oecd framework assist authorities assets track

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SWIFT Says It's Proved It Can Be the Way Forward for Global CBDCs

SWIFT, the interbank messaging system facilitating cross-border payments, has presented a framework for a global central bank digital currency (CBDC) system, claiming to have solved the challenge of interoperability between different networks.

2022-10-6 13:33	Business
swift system global cbdc claiming networks currency

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Crypto Market Forecast: Week of September 12th 2022

A curated weekly summary of forward-focused crypto news that matters. This week, Bitcoin has a strong Friday as the global investment community turns on risk-on, Russia works on building cross-border stablecoin payment solutions, and Ethereum moves closer to transitioning to Proof-of-Stake.

2022-9-13 15:01	BNC insights
week crypto works building russia community cross-border

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Bank of Russia Reportedly Looking at Legalizing Crypto Cross Border Payments

Following Global sanctions issued against Russia to cripple its economy over the country’s invasion of Ukraine, It seems Russia has had enough time to think of the consequences and is moving to bypass sanctions by legalizing crypto cross-border settlements for the foreseeable future The post Bank of Russia Reportedly Looking at Legalizing Crypto Cross Border Payments appeared first on BeInCrypto.

2022-9-6 20:16
russia crypto legalizing sanctions bank border payments

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Dogecoin and XRP Now Supported by This Global Payment Network

Global cross-border payment network Mercuryo has added support for XRP and Dogecoin

2022-7-30 22:09
payment network dogecoin global xrp added support

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Knox Wire’s New Decentralised System to Facilitate Instant Payments

Knox Wire is set to empower the financial industry with a global real-time gross settlement system. The network’s focus helps address two major aspects of communication and cross-border payments between financial institutions.

2022-3-15 00:56	Crypto Cable
knox payments financial system wire two major

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APAC Leading the Way in Instant Payments

Countries across Asia Pacific have become global leaders at delivering instant payments through digital banking solutions. Their experimentation and innovation around alternative payment rails to better facilitate both cross-border and domestic instant payments serves to bolster the region’s growing stature and leadership across the payments sector.

2022-3-16 21:16	Insights
payments instant across better facilitate rails payment

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Ripple Adoption Gets Major Boost After First-In-Market Remittance Corridor Between UAE And Pakistan Opens

Cross-border remittance is still one of cryptocurrency’s best use cases that will push it into mainstream finance. A Pakistani bank and one of UAE’s largest money transfer and forex houses have partnered through Ripple’s global payments network to enable a new payments corridor between the two countries.

2021-11-15 14:11	xrpusdt
uae between one ripple corridor payments remittance

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Squire Patton Boggs Partners With ASTRA Protocol To Foster Global Confidence In DeFi’s Compliance

One of the world’s leading law firms, Squire Patton Boggs, and internationally-patented ASTRA Protocol, has entered a new partnership following a recent announcement via a press release today. Squire Patton Boggs is a full-service legal company that ensures cross-border compliance counseling as well as providing insight at the point where law, business, and government meet, […]

2021-11-9 00:23	Press Release
boggs squire patton law protocol compliance astra

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Tether and Notabene partner on crypto regulation compliance

The partnership between Tether (USDT/USD) and digital identity startup Notabene aims to combat money laundering in cross-border transfers between exchanges. This is an effort on the part of the stablecoin issuer to become more compliant with global crypto guidelines, CoinDesk wrote.

2021-10-27 13:57	Tether
tether between crypto notabene part stablecoin effort

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Cross-border Stellar (XLM) payments are soon coming to Europe and Africa

The Stellar Development Foundation (SDF), the non-profit supporting the Stellar network, announced yesterday that Flutterwave, a global payments technology company, has launched two new remittance corridors between Europe and Africa on the Stellar network.

2021-10-26 13:00	xlmusd
stellar africa network europe payments company technology

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Ripple and Tranglo Singapore’s Partnership Scales to New Heights in Asia-Pacific

Today, we’re excited to share new milestones in our partnership with Tranglo — following our intent to acquire a 40% stake in Asia’s leading cross-border payments specialist in March 2021 to scale the footprint of RippleNet, Ripple’s global financial network, in the region and beyond.

2021-10-22 20:20	News
160 ripple new tranglo partnership payments specialist

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Al Ansari Exchange Taps RippleNet Cloud to Enable Cross-Border Remittances to Malaysia with MoneyMatch

Today, we’re thrilled to announce that UAE-based foreign exchange and worldwide money transfer company, Al Ansari Exchange has joined RippleNet. Through RippleNet Cloud, Ripple’s global cloud-based financial network technology, Al Ansari Exchange will connect with leading money transfer technology company MoneyMatch to provide same-day remittances to Malaysia.

2021-10-20 17:00	Insights
exchange ripplenet ansari technology money company transfer

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The Largest Bank In Africa And The Middle East Joins Ripple Network For Cross-Border Payments

QNB Group or the Qatar National Bank is to harness Ripple’s blockchain technology to process real-time global cross-border payments. Ripple Signs Deal With QNB Group Ripple has inked a new partnership.

2021-10-6 23:44	xrpusdt
ripple cross-border group payments bank qnb process

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UK Firm Paydek Taps Ripple Blockchain To Extend Near-Instant Payments To Latin America And Africa

RippleNet, the blockchain-based enterprise global payments network of Ripple, is primed to increase its footprint in Latin America and Africa with a remittance firm set out to unveil cross-border remittances using the tech.

2021-9-18 14:45	xrpusdt
payments america africa latin ripple firm remittance

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USDR Payment Token Supported by Gold Reserve

The consequences of inefficient payment methods are felt throughout global GDP, with the most significant impact on daily consumers. Not only do these insecure monetary systems destroy purchasing power because of inflation, but it also limits the capacity of traders to trade within the world due to cross-border transaction inefficiencies.

2021-9-14 10:57	Company News
payment inflation monetary insecure systems destroy purchasing

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Expanding Crypto Innovation

A New Era of Global Finance Since Ripple’s inception in 2012, our vision has been to enable the Internet of Value — a world where money moves as seamlessly as information. In the realm of cross-border payments, we’re accelerating that vision to meet the new shape and identity of global finance so that our customers … Continued The post Expanding Crypto Innovation appeared first on Ripple.

2021-8-13 01:42	Insights
ripple vision finance innovation crypto new expanding

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TomiEx: CBDC’s would eventually lose competition to global stablecoins

Central bank digital currencies, or CBDC’s, are unlikely to significantly solve the problem of facilitating international cross-border online services, unless central banks put heavy regulations on global stablecoins like Diem.

2021-8-10 19:43	Sponsored
global stablecoins central cbdc online unless services

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SWIFT Takes Swipe At Ripple With A Cheaper Cross-border Payment System

Global messaging network SWIFT has introduced a new service aimed at offering low-value, cross-border payments. SWIFT GO Launches Live With Seven Major Banks The new service dubbed SWIFT Go has been launched and is already being used by seven major global banks.

2021-7-28 19:11	Ripple (XRP)
swift global service new cross-border banks seven

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Singapore and France Set To Trial Global Transactions Through CBDCs

Central banks of Singapore and France are developing a digital coin interoperability system that will support various global CBDCs. The Financial authorities of both countries are seriously exploring the CBDCs cross-border applications.

2021-7-17 11:02	Singapore
cbdcs singapore global france support financial various

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France and Singapore pilot cross-border CBDC transactions

The central banks of France and Singapore are working on a digital currency interoperability system supporting multiple global CBDCs.

2021-7-8 13:31
france singapore interoperability currency digital system multiple

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Lynx Global, FinFan reveal RippleNet-based ODL corridor between Australia, Vietnam

The number of cross-border payments taking place in real-time has consistently been rising over the past few months. And because that has been the case, it wouldn’t be wrong to claim that RippleNet The post Lynx Global, FinFan reveal RippleNet-based ODL corridor between Australia, Vietnam appeared first on AMBCrypto.

2021-6-18 20:30	News
vietnam australia lynx between reveal finfan global

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DEUS Finance: The Next Generation Multi-Asset DeFi Protocol

The growth in the blockchain industry has been remarkable in recent years, with new innovations transforming the global financial system. Cryptocurrencies have made it possible to make cross-border transactions without intermediaries (Banks) and at low transaction fees.

2021-5-15 22:10	Industry
possible make made system cryptocurrencies cross-border without

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JP Morgan, DBS, Temasek to Develop Blockchain Cross-Border Payment Platform

Sensing the upcoming tectonic shift in the architecture of global payments, DBS, JPMorgan, and Temasek have joined forces to develop a new blockchain-based interbank payments mechanism. Blockchain-Powered Mechanism the Need of the Hour In an official announcement made on April 27, major financial institutions such as DBS Bank, JPMorgan, and Temasek stated that they areRead More

2021-4-29 23:00
dbs temasek payments jpmorgan develop mechanism announcement

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Novatti Group Joins RippleNet’s ODL Service

Recently, Novatti Group adopted RippleNet’s global payment network service, known as On-Demand Liquidity (ODL). Novatti Group can now leverage digital asset XRP, for instant cross-border payments, through the ODL service.

2021-4-17 14:00	XRP
novatti service odl group ripplenet xrp asset

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Novatti Taps ODL To Improve Australian Remittance Payments To Southeast Asia

The current global payments infrastructure does not meet today’s business or consumer demands. Cross-border payments require businesses to hold pre-funded accounts in destination currencies — a costly and slow endeavor that ties up resources — leaving remitters with limited options.

2021-4-15 03:22	XRP
payments destination currencies costly accounts businesses hold

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XRP price surges 55% to a 3-year high amid push for financial inclusivity

A new cross-border payments acquisition and a renewed push to increase global financial inclusivity triggered a 55% rally in XRP price.

2021-4-6 21:12	Markets
push financial xrp inclusivity price increase renewed

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Ripple Acquires 40% Stake in Asia’s Leading Cross-Border Payments Specialist Tranglo

Ripple, the leading provider of enterprise blockchain solutions for global payments, announced that it has agreed to acquire 40% of Asia’s leading cross-border payments specialist...

2021-3-30 10:09	ripple
leading payments ripple cross-border specialist asia announced

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Setting the Stage for Digital Global Payments

In the evolution of digital payments, it’s clear that financial institutions and payment providers will continue to adopt blockchain technology to drive real-time, cross-border payments growth. This digital ledger infrastructure, which integrates with bank accounts, digital wallets and even cash payout channels will become the engine to provide the convenience, speed, ease of access, transparency … Continued The post Setting the Stage for Digital Global Payments appeared first on Ripple.

2021-2-27 01:13	Views
digital payments stage global setting provide engine

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MoneyGram Statement on the SEC Action Against Ripple

MoneyGram International, Inc, a global leader in cross-border P2P payments and money transfers, has issued a statement in light of the recent lawsuit filed by...

2021-1-2 11:33	legal
moneygram statement transfers issued money filed lawsuit

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Huobi Opinion: Blockchain Can Empower Cross-Border Trade

On November 24, 2010, Yuan Yuming, CEO of Huobi China was invited to participate in the “2020 Global Blockchain Policy Forum” hosted by OECD. In his...

2020-11-25 13:55	Blockchain News
blockchain huobi 2020 participate global policy oecd

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Remitano Makes Cross-Border Money Transfer Much Easier With New “Cash-Out” Feature

PRESS RELEASE. To simplify banking and meet its users’ Remittance needs across the globe, Remitano, a global escrow-marketplace, has just launched a smart, free, and safe approach for cross-border money transfers.

2020-11-24 09:00
remitano money cross-border escrow-marketplace global globe across

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Monetary Stability: The IMF and Fed Chair Jerome Powell Discuss Digital Currency Implications

On Monday, the International Monetary Fund (IMF) published a report on crypto assets like central bank digital currencies (CBDCs) and global stablecoins (GSCs). Moreover, the IMF also hosted a virtual panel that discussed digital currencies and cross-border payments with the Federal Reserve Chair Jerome Powell.

2020-10-20 00:00
digital imf monetary powell jerome chair currencies

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Stellar CEO to Take Part in Conference Hosted by IMF to Discuss Future of Cross-Border Payments

Stellar's Denelle Dixon will be joining an online conference hosted by the IMF and discuss the future of transnational payments with global regulators, FED and Mastercard

2020-10-18 11:20
future discuss imf stellar payments hosted conference

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Cambridge Global Payments partners with Ripple to ‘improve’ cross-border payments

Cross-border payments solutions firm, Cambridge Global Payments today announced its partnership with crypto payments network Ripple, and that it would use RippleNet to expand its payment delivery systThe post Cambridge Global Payments partners with Ripple to ‘improve’ cross-border payments appeared first on AMBCrypto.

2020-10-14 20:00	ripple
payments ripple cross-border global cambridge improve partners

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Ripple Inks Deal with Cambridge Global Payments to Speed Its Cross-Border Solutions

Ripple tech behemoth reveals its partnership deal with Cambridge Global Payments, which will start using RippleNet to speed its transnational payments

2020-10-14 17:12
payments ripple speed global cambridge deal start

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Currencycloud Partners with Ripple to Leverage RippleNet for Efficient Cross-Border Payments

Currencycloud – one of the global payment processing giants – has become the latest member of the RippleNet family and would help ripple in expanding its cross-border remittance services further.

2020-7-4 22:07	Ripple (XRP)
ripplenet currencycloud cross-border ripple services further family

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Circle officially adds native USDC on Aptos mainnet

Circle’s digital dollar, USD Coin, is now available natively on the layer-1 blockchain Aptos, empowering developers and users. USDC (USDC) goes live natively on Aptos (APT) about two months after Circle announced that the stablecoin would be launching on the…

Netherlands’ third-largest bank ABN AMRO pilots tokenized trading on Ethereum

ABN AMRO, the third-largest bank in the Netherlands, has completed on-chain trading with stablecoins in a pilot with German exchange 21X. Netherlands‘ third-largest bank ABN AMRO has completed a trading trial with 21X, a Frankfurt-based digital asset exchange, which tested…

PayPal’s PYUSD stablecoin joins Cardano’s ecosystem

PayPal USD stablecoin expands to the Cardano ecosystem via a new cross-chain bridge by Wanchain. PayPal USD (PYUSD), a stablecoin issued on Solana and Ethereum chains, can now be accessible on Cardano (ADA) through Wanchain’s interoperability solution, according to a…

European Central Bank eyes digital Euro to counter Trump’s stablecoin push

In response to U. S. President Donald Trump’s recent executive order promoting dollar-backed stablecoins, the European Central Bank is emphasizing the need for a digital euro to maintain the competitiveness of eurozone banks.

Circle launches Paymaster to allow users pay gas fees with USDC

Stablecoin issuer Circle has introduced a new feature called Circle Paymaster, enabling users to pay gas fees using the USDC stablecoin. The USDC (USDC) issuer said in an announcement that the on-chain utility solution Circle Paymaster was now live on…

Circle Acquires Hashnote, Plans to Integrate USYC

Circle acquired Hashnote for an undisclosed amount and plans to integrate USYC as collateral on crypto exchanges. Hashnote manages the largest Treasury note money market fund with $1. 2Bn under management.

Mountain Protocol’s USDM natively deploys on ZKsync Era

Mountain Protocol has announced the native issuance of its yield-bearing stablecoin USDM on ZKsync Era. The launch enables ZKsync (ZK) users to leverage the USDM stablecoin in decentralized finance while earning yield from tokenized Treasury bills. According to the Mountain…

2023-10-31 18:19

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