2022-9-23 15:30 |
The Central Bank of Russia and the country’s Ministry of Finance recently agreed on a bill proposing the use of cryptocurrency for cross-border payments.
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Deputy Finance Minister Alexei Moiseev said the policy describes "how to acquire cryptocurrency, what can be done with it" and its use in cross-border settlements.
2022-9-23 17:46 | |
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Stablecoins continue to break into the mainstream due to their use in settling cross-border payments. They reached a new milestone in adjusted transaction volume in August. The post Stablecoin Adjusted On-Chain Volume Reaches New Highs, Are They Threatening Financial Stability? appeared first on BeInCrypto.
2022-9-19 13:06 | |
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Iran has decided to legalize the use of crypto in cross-border payments, which could impact how some countries view crypto.
2022-9-16 16:10 | |
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Russia is considering stablecoins as an option for cross-border settlements, according to the country’s finance minister. Russia Could Use Stablecoins Russia could use stablecoins for international settlements. On September 6,...
2022-9-7 22:57 | |
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According to the Managing Director of the Monetary Authority of Singapore (MAS), Ravi Menon, the most promising use cases for digital assets are in cross-border payment and settlement, trade finance, and pre- and post-trade capital market activities.
2022-8-31 21:26 | |
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Members of a panel discussion held by the United States Federal Reserve have said that the scope of cross-border use of central bank digital currencies (CBDCs) is currently quite limited. The post Scope of Cross-Border CBDCs Quite Limited, Say Panelists at Fed Conference appeared first on BeInCrypto.
2022-7-6 11:15 | |
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“A key opportunity where CBK sees potential value is the use of CBDC in facilitating cross-border transactions," the announcement reads.
2022-2-11 16:43 | |
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Some of the key areas of blockchain development include manufacturing, energy, government data sharing and services, law enforcement, taxation, criminal trials, inspection, and cross-border finance.
2022-1-30 14:24 | |
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Shinhan Bank, Korea’s oldest bank, has announced the completion of a proof-of-concept leveraging stablecoins and focused on international remittances. The PoC is built on the Hedera Network, the enterprise-grade public ledger for the decentralized economy.
2021-12-1 18:58 | |
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We’re excited to announce a new partnership with the Republic of Palau to explore the country’s first national digital currency and its use cases with the XRP Ledger (XRPL). The partnership will initially focus on developing strategies for cross-border payments and a USD-backed digital currency for Palau.
2021-11-25 01:00 | |
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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 | |
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Every day, we see traditional financial institutions scrambling to figure out its crypto strategy, and understandably so. Crypto is past the tipping point of mainstream consciousness. Its use cases liThe post Ripple partner launches cross-border payment corridor to Mongolia appeared first on AMBCrypto.
2021-11-2 22:30 | |
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Ripple has partnered with the central bank of Bhutan to create its a digital Ngultrum, that will explore CDBC use cases in retail, cross-border and wholesale payments, the latest step in the central bank's innovative payment initiatives.
2021-9-25 20:22 | |
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Conflux’s permissionless blockchain will be used to test the digital RMB for cross-border payments in Shanghai’s Lingang Pilot Free Trade Zone. In July, China's central bank has approved the Lingang Pilot Free Trade Zone to test the free capital inflows and outflows.
2021-9-20 18:33 | |
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CBDC, also central bank digital currency, is a digital token issued by a country. Many governments and central banks around the world are exploring the use of CBDCs. Even though they mostly remain in the hypothetical stage.
2021-9-6 00:00 | |
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While Central banks seem to be focusing more on the domestic use of cross-border networks of central bank digital currencies (CBDC), the Bank of International Settlements (BIS) believes CBDCs should be used beyond borders.
2021-7-9 20:16 | |
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According to the South African Reserve Bank (SARB), individuals may not use cross-border or foreign exchange transfers to purchase crypto assets. The post South African Central Bank Outlines FX Crypto Limits appeared first on BeInCrypto.
2021-6-28 15:34 | |
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The largest bank in Egypt, the National Bank of Egypt (NBE), is the latest financial institution to join RippleNet — Ripple’s blockchain payment platform — to enable cross-border payments. NBE Is Now A Ripple Customer In an announcement on Tuesday, Ripple revealed that NBE will use the San Francisco-based firm’s blockchain technology to power a […]
2021-5-19 17:50 | |
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While the world has been obsessing over DeFi, NFTs, and the surging crypto prices, China kept quietly testing its CBDC, the so-called digital yuan. In fact, it started moving forward with the testing quite quickly, and it recently started conducting tests regarding cross-border payments.
2021-5-14 14:01 | |
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The first phase of tests for use of the digital yuan across borders has been successful, the Hong Kong Monetary Authority has said.
2021-5-13 12:14 | |
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XRP is one of the most interesting cryptocurrencies in this space. Unlike digital assets like bitcoin and ether, XRP’s prominence is geared towards its use for cross-border transactions. Sending money across borders is notably an expensive and often slow process but XRP and Ripple seem to be taking this head-on. These efforts appear to be […]
2021-4-22 23:40 | |
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According to the state-run Shenzhen Special Zone Daily newspaper, the People's Bank of China is now ready to run a trial of its digital yuan through cross-border payments. China’s central bank is running a one-day pilot program under which selected Hong Kong residents can use the central bank digital currency (CBDC) as a payment method […] The post China’s Central Bank Runs a Cross-Border Trial of Digital Yuan first appeared on BitcoinExchangeGuide.
2021-4-6 19:41 | |
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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 | |
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Ripple is introducing another use case for its digital asset XRP. The company launched a new beta service on RippleNet called ‘Line of Credit' to allow its customers to use On-Demand Liquidity (ODL) to borrow from Ripple to initiate cross-border payments using XRP.
2020-10-9 19:27 | |
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Members of European Union have decided to make use of distributed ledger technology and adopt crypto-assets such as stablecoins, by 2024, in order to introduce new regulations to make cross-border payThe post By 2024, EU will put in place a comprehensive framework on DLT, crypto-assets appeared first on AMBCrypto.
2020-9-18 21:40 | |
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Over the past year, more than $50 billion in cryptocurrencies was moved from digital wallets in China to other jurisdictions, according to the latest Chainalysis report. Chinese people use cryptocurrencies to bypass financial cross-border controls.
2020-8-23 14:29 | |
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Former U.S. Treasury Secretary Lawrence Summers praised stablecoins last week, saying he sees use cases in cross-border transactions as one example.
2020-7-5 20:11 | |
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As global payments revolutionize, Ripple wants to be an active participant in the process as it joined the Open Payments Coalition [OPC]. As announced earlier by the cross-border payments processor, 4The post XRP users may see extended use of Uphold with XRPL labs and Ripple appeared first on AMBCrypto.
2020-6-23 01:00 | |
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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, […]
2020-4-14 18:27 | |
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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.
2020-3-27 16:00 | |
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Coinspeaker Ripple and Bitso Offer Friction-Free Exchange across Latin AmericaThe partnership between Ripple and Bitso is proving fruitful as millions of Latin Americans can use the service to send cross-border payments and enjoy cheap, fast and efficient transactions.
2020-3-7 14:53 | |
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The controversy around Ripple’s XRP token continues to unravel with the company incentivizing its partners to use its cross-border payment solutions consequently flooding the token’s market supply.
2020-3-6 18:42 | |
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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.
2020-3-4 00:00 | |
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Ripple, the cross-border payment network powered by distributed ledger technology (DLT), today announced a new partnership with European digital money transfer service Azimo. The company has launched with Ripple’s On-Demand Liquidity (ODL) service as part of its remittance capabilities into The Philippines, with plans to expand the use of ODL across more corridors this year.
2020-2-27 17:28 | |
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Payments firm Ripple has given MoneyGram over $11 million dollars in the past half year, according to regulatory filings with the Securities and Exchange Commission.
2020-2-26 00:40 | |
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Ripple’s cross-border payments solution and Ethereum’s promise of permissionless finance, are two use cases that have gained traction in the cryptocurrency space as of late. The senior vice president of product at Ripple, Asheesh Birla recently noted that these two cryptocurrencies have already established their niches by finding palatable solutions to real-world problems. Thus, it […]
2020-2-26 23:55 | |
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Cross-border payments and books: Brad Garlinghouse says that Ripple could grow in a similar way to Amazon
2020-2-18 19:45 | |
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Ripple (XRP), which is a real-time gross settlement system and currency exchange network known for its use in cross-border payments was recently mentioned in an official US CFPB document. Most of the content in this document was based on changes and the future of remittance markets.
2019-12-14 18:45 | |
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Coinspeaker TransferGo Set to Move to Ripple’s On-Demand Liquidity that Uses XRPTransferGo, which was already a part of RippleNet, will now start to use Ripple’s ODL for its cross-border transactions.
2019-11-26 17:51 | |
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TransferGo, an online remittance platform pitched at migrant workers, has entered into a new agreement with Ripple to use the company’s technology for cross-border transfers to and from Southeast Asia, Latin America and Africa.
2019-11-26 13:07 | |
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The National Bank of Cambodia, the country’s central bank, signed an MoU on cross-border payments and remittances with Malaysia’s largest bank
2019-10-21 01:24 | |
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Ripple has been ignoring all the criticism it has been targeted with by a part of the crypto-community, many of whom are worried about XRP’s price, by keeping to its business of promoting its technology along with XRP.
2019-9-6 16:14 | |
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Blockchain has changed the way we view cross-border transactions and payments, making them cheaper, more accessible, and faster. Panerora. com aims to use the advantages of this emergent technology to offer a strong payment solution to the African market, where most of the people are largely unbanked.
2019-9-4 09:36 | |
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Coinspeaker PNC Becomes the First U. S. Bank Using RippleNet for Cross-Border PaymentsAmerican banking giant PNC has become the first bank in the country to use Ripple’s blockchain network, RippleNet, for processing cross border payments.
2019-8-30 20:39 | |
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Huge opportunity to capture the unbanked and underbanked, Jeremy Light XRP as a bridge currency will be a game changer RippleNet is now active in more than 40 countries across 6 continents — from Asia, Africa, North America, South America to Europe — reports international Association of Money Transfers Networks (IAMTN). A non profit organization, […]
2019-8-29 20:03 | |
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PNC Financial Services Group, Inc. has gone live with RippleNet on August 29, becoming the first-ever American bank to process cross-border payments, reported FintechFutures. The bank inked the deal with RippleNet in September 2018 and announced that its Treasury Management Unit would be using Ripple’s current software solution to carry out cross-border transactions.
2019-8-29 12:14 | |
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Crypto exchange Bitex wants to decrease costs associated with cross-border banking using the bitcoin blockchain.
2019-8-14 11:00 | |
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MoneyGram revealed it is now commercially leveraging XRP through Ripple’s xRapid for cross-border transactions, according to the latest earnings call. The integration represents the largest real world use case for XRP.
2019-8-4 01:14 | |
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One of the largest providers of global money transfers is ready for cryptocurrency. MoneyGram, which ranks just behind Western Union in cross-border transfers, is now ready to use Ripple’s xRapid network, which uses the XRP currency.
2019-8-4 17:17 | |
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Cryptocurrency mining will soon be banned in several regions across Russia due to an escalating electricity crisis.
Cryptocurrency mining will soon be banned in certain regions of Russia due to electricity shortages, per Deputy Energy Minister Evgeny Grabchak. Russia will soon prohibit Bitcoin (BTC) mining in several regions due to a critical electricity shortage, Russia’s state news…
Experts warn that the high investment required to join the digital ruble platform could be prohibitive for small Russian banks, as it exceeds their annual tech budgets by several times. The entry cost for Russian banks to join the Bank…
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…
Nearly 20% of Russians have used cryptocurrency, while 66% are aware of it but lack detailed knowledge, according to a new survey. Nearly one-fifth of Russians have used cryptocurrency, while more than 65% are aware of them but lack detailed…
Sergey Bezdelov, Director of Russia’s Industrial Mining Association, revealed that around 54,000 BTC, more than $3 billion, were mined in Russia last year, according to local news outlet Izvestia.
Quick Take On Sept. 6, the US released its latest jobs data, revealing that non-farm payrolls increased by 142,000, falling short of the consensus estimate of 160,000. Meanwhile, the unemployment rate held steady at 4.