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Russia’s central bank to probe crypto-linked cross-border transfers, banking channels
The Bank of Russia is planning to investigate cross-border crypto transfers by residents, focusing on banking channels to assess the volume of crypto-related operations. Russia‘s central bank will conduct an investigation into cross-border crypto transactions by residents in Q4 and… дальше »
2024-10-1 11:20 | |
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BIS to Build Proof of Concept Network for Testing Cross-Border Payments Using CBDC’s
The Bank of International Settlements' Innovation Hub (BISIH) announced this week that one of its highest priorities is the continued research and testing of Central Bank Digital Currencies (CBDCs), along with five other areas of focus. дальше »
2021-1-23 22:52 | |
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Former PBoC Governor: China Doesn’t Have ‘An Ambition to Replace Existing Currencies’
China’s former head of the central bank said digital yuan could be useful for cross-border trade and support its efforts to promote yuan as an international currency. Zhou Xiaochuan, who stepped down as governor of the PBOC in 2018, spoke at the Shanghai Financial Forum on Friday. дальше »
2020-12-15 00:31 | |
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China and Hong Kong Prepare for Cross-border Digital Yuan Testing
China’s central bank and the Hong Kong Monetary Authority (HKMA) are gearing up to conduct a pilot test of the e-yuan central bank digital currency (CBDC) system. The move further broadens the scope of the digital currency electronic payment (DCEP) with plans to introduce the currency in Macau as well. дальше »
2020-12-7 18:00 | |
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PBOC Planning Technical Pilot Testing of Digital Renminbi (e-CNY) for Cross-Border Payments
The central bank of China and Hong Kong Monetary Authority is now discussing the technical pilot testing of digital renminbi for cross-border payments, said HKMA on Friday. The launch date for e-CNY hasn’t been set yet. дальше »
2020-12-5 19:54 | |
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World Gov’ts Continue Revealing Developments and Concerns on CBDC
The anticipation was great when Jerome Powell, the Chair of the United States Federal Reserve, finally addressed the government’s position on digital currency and the potential role of a central bank digital currency (CBDC) for domestic and international cross-border payments, on Oct. дальше »
2020-11-6 14:29 | |
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Video: The Fed Considers CBDCs And Bretton Woods 2.0
The IMF panel on cross-border payments was a Central Bank Digital Currency (CBDC) discussion in disguise, headlined by Jerome Powell, chairman of the Federal Reserve. The post Video: The Fed Considers CBDCs And Bretton Woods 2.0 appeared first on Bitcoin Magazine. дальше »
2020-10-22 19:32 | |
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Bank of Russia Is Studying Pros & Cons of a Digital Ruble; May Start Developing CBDC In 2021
According to Izvestia, a Russian finance news site, the Ministry of Finance and Bank of Russia investigate other nations’ efforts in releasing a central bank digital currency (CBDC). The post, published on Monday, highlights some of Russia's advantages of launching its own digital ruble, including reducing the cost of transactions, more opportunities for cross-border payments, […] The post Bank of Russia Is Studying Pros & Cons of a Digital Ruble; May Start Developing CBDC In 2021 first appeared on BitcoinExchangeGuide. дальше »
2020-10-21 20:41 | |
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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. дальше »
2020-10-20 00:00 | |
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ConsenSys to Work on PoC for CBDC with Hong Kong Monetary Authority
ConsenSys has shared on Sept. 25, that it was awarded a cross-border payment network study project by the Hong Kong Monetary Authority (HKMA). The project involves the development of a technology for a central bank digital currency (CBDC) cross-border payment network, which actually serves as the second implementation phase of the Project Inthanon-LionRock. дальше »
2020-9-25 18:24 | |
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XRP Complements Stablecoins and CBDCs, Top Ripple Exec Asserts
The advent of Stablecoins and Central Bank Digital Currencies (CBDCs) has pretty much put Ripple’s XRP in a compromising position, especially given that they do almost exactly what XRP does when utilized in cross-border payments. дальше »
2020-8-20 19:14 | |
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MAS, Temasek & J.P. Morgan Complete Blockchain-Based Prototype
Singapore’s central bank has successfully completed the fifth phase of a blockchain payments project, soon to be ready for live adoption. The Monetary Authority of Singapore (MAS) announced today that it has developed a blockchain-based payments prototype for faster and efficient cross-border payments. дальше »
2020-7-14 21:13 | |
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Santander Expands One Pay FX to 19 Countries With Ripple
Santander has expanded its One Pay FX app, the transformative cross-border payments solution, to 19 countries in a partnership with Ripple. Spanish multinational commercial bank Banco Santander has partnered with Ripple to facilitate speedy and transparent cross-border transactions. дальше »
2020-7-11 22:02 | |
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Blockchain-friendly bank chooses USDC over Ripple and XRP for cross-border payments
A leading crypto-friendly European bank, Bank Frick has announced it is replacing interbank payment facilitator SWIFT with Circle’s Stablecoin, USDC. The bank based in Liechtenstein cited the speed of transactions for its decision as it is trying to speed up USD payments. дальше »
2020-6-10 21:05 | |
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First-Ever Blockchain Letter of Credit Transaction Carried out by Chinese Steelmaker
Baosteel, a Chinese steelmaker, along with Australian mining firm Rio Tinto, have completed a renminbi (RMB)-denominated letter of credit (LC) transaction using blockchain technology. The LC transaction facilitated by Standard Chartered Bank (SCB) represents the first-ever paperless cross-border deal in the iron ore industry finalized in China’s fiat currency. дальше »
2020-5-14 15:16 | |
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Stellar (XLM) Aims to Become the Go-To Network for Digital Dollar
Enterprise-geared cross-border remittance blockchain network Stellar (XLM) wants to become the go-to platform for governments around the world to issue central bank digital currencies (CBDC) on. Stellar CEO, Denelle Dixon, hinted at the ambition during Consensus distributed. дальше »
2020-5-14 23:07 | |
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UAE Bank Deploys RippleNet For Bangladesh Remittance Corridor
United Arab Emirates-based commercial bank RAKBank has partnered with Asia, a major bank in Bangladesh to facilitate cross-border remittance transactions. Ripple’s digital payment solution RippleNet will be utilized for the initiative. дальше »
2020-5-13 21:07 | |
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Thailand: Ripple Partners Siam Commercial Bank to Foster Instant Cross-Border Payments
Thailand’s oldest bank – Siam Commercial Bank (SCB) – has unveiled its global strategy for cross-border payments with the launch of Outward Remittance Service via SCB EASY developed in conjunction with blockchain project Ripple Inc. дальше »
2020-4-29 15:07 | |
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Blockchain Acceptance Could Revolutionize Finance in Abu Dhabi
While a local bank is using blockchain to execute cross-border transactions, Abu Dhabi Global Markets is preparing to launch this quarter
дальше »2020-4-16 22:00 | |
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Western Union Testing and Considering Using Ripple (XRP) for Cross-border: Credit Suisse Research
According to the research by investment bank Credit Suisse, the international money transfer service provider, Western Union is currently testing and considering the usage of Ripple (XRP). The report from late January 2020 reads, “Western Union: Testing and considering use of Ripple (XRP) for cross-border (Ripple has made a $50mm investment in Western Union competitor, […] дальше »
2020-4-14 18:27 | |
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Thailand: Siam Commercial Bank to Use RippleNet to Tap $68 Billion Remittance Market
According to an official announcement dated March 26, 2020, Thailand-based Siam Commercial Bank (SCB), in partnership with Ripple’s enterprise-grade digital payments solution RippleNet, is making it easier for Thais to make instant low-cost cross-border payments from their mobile devices. дальше »
2020-3-27 16:00 | |
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Ripple Partners with DeeMoney to Power Faster and Cheaper Cross-Border Money Transfers
Coinspeaker Ripple Partners with DeeMoney to Power Faster and Cheaper Cross-Border Money TransfersRipple's partnership with DeeMoney is set to enter the second phase. DeeMoney is currently the only fintech firm with a funds transfer license from the Thai Central Bank. дальше »
2020-3-20 18:45 | |
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UAE: National Bank of Fujairah Adopts RippleNet for Cross-Border Payments
The UAE’s corporate bank, National Bank of Fujairah (NBF) has joined RippleNet, a global payments network to make easy and seamless cross border payments to India. Also, the corporate bank will use the blockchain-based payments network to send and track international payments in real-time, according to a Ledger Insights report on March 3, 2020. дальше »
2020-3-4 00:00 | |
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BIS Notes Cross-Border Banking Decline Since Bitcoin’s Creation
The Bank for International Settlements (BIS) has just released its quarterly report, describing dwindling cross-border banking relationships over the past decade. Correspondent Banking Relationships Falling Between 2011 and 2018, correspondent...The post BIS Notes Cross-Border Banking Decline Since Bitcoin’s Creation appeared first on Crypto Briefing. дальше »
2020-3-4 12:48 | |
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BIS Latest Report Discusses How Payment Are Evolving With Tokenization and CBDC’s
Bank of International Settlements (BIS) researchers focusing on the payments’ future, reveals their latest quarterly report released on Sunday. The paper has 138 pages and looks at what’s on the horizon in the financial sector, especially since tokenization, central bank digital currencies (CBDCs) and cross-border payments are starting to be more and more in trend. […] дальше »
2020-3-3 01:48 | |
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Bank of America May Become New Member of RippleNet
Coinspeaker Bank of America May Become New Member of RippleNetBank of America (BoA) is the second-largest bank in the U. S. It reportedly will join RippleNet for fast and cheap cross-border payments and exclusive infrastructure. дальше »
2020-2-22 21:10 | |
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National Bank of Egypt Taps Ripple’s DLT for Cross-Border Payments
National Bank of Egypt (NBE), the country’s oldest and largest bank in terms of assets, has inked a strategic partnership deal with Ripple, the San Francisco-based blockchain project in charge of XRP. дальше »
2020-2-13 02:00 | |
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Egyptian National Bank Turns to Blockchain to Boost Remittance Business
Ripple has onboarded the National Bank of Egypt to its blockchain powered cross-border payments network, RippleNet
дальше »2020-2-13 13:43 | |
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Showtime For XRP: BIS Exec Calls Cross-Border Payments a ‘Top Priority’
XRP could be on the brink of mainstream adoption as Benoit Coeure, appointed Chief of the Bank of International Settlements, lists cross-border payment solutions as a ‘top urgent priority’ in the current financial world. дальше »
2020-1-23 16:00 | |
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RBI Argues Against Crypto Utility in India
The Reserve Bank of India (RBI) says citizens do not need cryptos as the country’s mainstream financial framework already has working solutions for cross-border remittances. The Indian central bank also clarified the legal situation of cryptocurrencies in the country, stating that there is no ban on virtual currencies. дальше »
2020-1-23 20:00 | |
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Ripple and Thailand's SCB to launch mobile payment app
Thailand's Siam Commercial Bank (SCB) recently partnered with RippleNet to create 'SCB Easy', a mobile application that facilitates instant, low-cost cross-border payment solutions, according to a bloThe post Ripple and Thailand's SCB to launch mobile payment app appeared first on AMBCrypto. дальше »
2020-1-10 15:32 | |
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Thailand’s Oldest Bank Launches Mobile Banking with Ripple
Siam Commerical Bank, a 112-year-old financial institution, announced a mobile banking interface that facilitates cross-border transactions at a lower cost. Asia is the world leader in mobile banking with China and Thailand boasting 86 percent and 67 percent mobile penetration respectively. дальше »
2020-1-10 14:00 | |
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Siam Commercial Bank Taps Ripple for Cross-border Money Transfers
Ripple continues to make progress across Asia. Its latest venture focuses on providing low-cost cross-border payments to clients across Thailand. Various enterprises see merit in Ripple and its XRP ledger technology. дальше »
2020-1-10 07:00 | |
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Siam Commercial Bank Launches ‘SCB Easy’ that Runs on Ripple & Sends Money Within 40 Sec
Thailand’s oldest bank, Siam Commercial Bank (SCB) has taken to change the lives of over 16 million customers by launching SCB Easy, a mobile application that runs on Ripple to deliver instant and low-cost cross-border payments. дальше »
2020-1-9 17:59 | |
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Thailand’s Oldest Bank Partners with Ripple to Create App Called SCB Easy
Coinspeaker Thailand’s Oldest Bank Partners with Ripple to Create App Called SCB EasySCB, which is the oldest bank in Thailand, announced that it wants to go digital. In order to do that, it has partnered with Ripple to provide instant, low-cost cross-border payments. дальше »
2020-1-10 16:36 | |
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An App for Millions That Runs on Ripple
Siam Commercial Bank (SCB) is on a mission to change the lives of their over 16 million customers. Thailand’s oldest bank has partnered with Ripple to help bring the company into the digital age and create SCB Easy—a mobile application that runs on Ripple to deliver instant, low-cost cross-border payments. дальше »
2020-1-10 22:08 | |
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An App For Millions That Runs on Ripple
Siam Commercial Bank (SCB) is on a mission to change the lives of their over 16 million customers. Thailand’s oldest bank has partnered with Ripple to help bring the company into the digital age and create SCB Easy—a mobile application that runs on Ripple to deliver instant, low-cost cross-border payments. дальше »
2020-1-9 22:08 | |
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IMF Urges Philippines’ Central Bank to Collect Crypto Exchange Data
The IMF has urged the Philippines’ central bank to begin collecting data on cross-border flows of crypto assets for its macroeconomic analysis
дальше »2020-1-3 13:51 | |
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Ripple’s Cross-Border Provision Acclaimed by Bank of America, Will It Boost XRP Price?
Coinspeaker Ripple’s Cross-Border Provision Acclaimed by Bank of America, Will It Boost XRP Price?Bank of America admits that Ripple offers a truly innovative solution. But there is still a question whether it will impact the XRP price positively. дальше »
2019-12-14 21:31 | |
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Standard Chartered Bank Issues First DLT-Powered Letter of Credit
In a press release on August 7, 2019, U. K. -based Standard Chartered Bank, revealed it had successfully executed a pilot of the first cross-border Letter of Credit (LC) on blockchain for companies in the oil industry, including PTT Group, a Thailand state-run oil and gas company, PTT International Trading Pte Ltd, and IRPC Public Company LimitedRead MoreRead More. дальше »
2019-8-8 13:00 | |
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Philippines: Union Bank Facilitates First Blockchain-Based Remittance
Union Bank of the Philippines has joined forces with OCBC Bank of Singapore to facilitate a cross-border transfer from Singapore to the Philippines using the Ethereum-powered Adhara liquidity management, and international payments platform its (Unionbank) proprietary i21 platform, reports local news source Fintech Singapore on July 23, 2019. дальше »
2019-7-24 01:00 | |
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Santander Bank Taps Ripple Technology for a new xCurrent-Based Payment Corridor
Santander Bank, a leading Spanish financial institution established in 1857, now facilitates cross-border payments between the United Kingdom and Poland free of charge, through its Pay FX digital banking app which is powered by Ripple’s xCurrent, according to reports on July 14, 2019. дальше »
2019-7-16 21:00 | |
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Goldman Sachs might launch its own ‘cryptocurrency’ – just like JP Morgan
American banking giant Goldman Sachs might be following in the footsteps of its competitor JP Morgan. The bank is considering launching its own cryptocurrency. In an interview with French financial newspaper Les Echos today, Goldman Sachs CEO David Solomon said that they are doing extensive research on the concept of “tokenization. дальше »
2019-6-29 16:09 | |
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