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Nalezeno "settlement system": 18

Economist Jim Rickards: The Global Clearance and Settlement System Might Collapse After Seizure of Russian Assets

3.6.2024
Jim Rickards, an economist and author of the best-selling book ‘Currency Wars,’ has issued an alert about the possible collapse of the global clearance system. In a recent interview, Rickards noted that Euroclear, a settlement service, holds $200 billion in Russian assets. He further explained that...

JPMorgan’s JPM Coin to Make Its Debut on Interbank Transactions

4.12.2023
Jpm coin, JPMorgan’s official token, might be used to make interbank transactions now that it debuted on Partior, a blockchain-based banking settlement system. The platform, launched jointly by JPMorgan, DBS Bank, Temasek, and Standard Chartered, allows customers to transact value between...

JPMorgan’s Tokenized Collateral Network Facilitates Blackrock-Barclays Trade

13.10.2023
Banking giant JPMorgan Chase has debuted its blockchain-based collateral settlement system. Blackrock became the first client to use JPMorgan’s Tokenized Collateral Network (TCN). The world’s largest asset manager used the system to convert shares in one of its money market funds into digital...

What Is XRP? A Brief History of the Real-Time Gross Settlement System

13.9.2023
While Ripple has its critics, there exists a passionate ‘army’ of XRP advocates who firmly believe it represents the future of decentralized finance and cross-border settlement. In this Learning and Insights guide, our objective is to walk you through a brief history of Ripple and...

Breaking: Payments Firm VISA to Begin Using Solana Blockchain for Stablecoin Settlements

5.9.2023
Visa, the global payments giant, has unveiled its expansion into the world of stablecoin payments, featuring integration with the Solana blockchain, and has initiated collaborations with prominent merchant banks, Worldpay and Nuvei.... Read More: Breaking: Payments Firm VISA to Begin Using Solana...

Ripple vs. SEC — Respite for a Beleaguered Industry

25.7.2023
On July 13, 2023, the U.S. District Court for the Southern District of New York (SDNY) finally issued an order in the infamous case brought by the Securities and Exchange Commission (SEC) against the payment settlement system and currency exchange, Ripple Labs, Inc. (Ripple). District Judge Analisa...

Kenyan President William Ruto Urges African Countries to Commence Process to Ditch the Dollar

1.6.2023
Kenyan President William Ruto recently urged his counterparts on the African continent to kickstart the process of ditching the U.S. dollar and replacing it with a pan-African settlement system. Ruto said the Pan-African Payments and Settlement System (PAPSS) allows business people to focus...

Chinese blockchain firm launches the 'SWIFT' of stablecoins and CBDCs at Davos

23.1.2023
A SWIFT-style system for bank-issued and regulated digital currencies was launched by a firm with a tenure building China’s national blockchain project

Russia to begin work on CBDC settlement system in Q1 as sanctions endure: Report

10.1.2023
The country's central bank will begin studying two possible cross-border CBDC settlement models this quarter

South Africa finishes technical PoC for wholesale CBDC settlement system

8.4.2022
The South African Reserve Bank stated further work would be undertaken to study the findings from the project and used to inform policy and regulatory responses to DLT and CBDCs

‘No Plan to Issue CBDC’ — Bank of Japan Governor

31.3.2022
Haruhiko Kuroda, the governor of the Bank of Japan (BOJ), has said the bank is currently not planning to launch a digital currency. The remarks come just a few days after the BOJ announced the commencement of the second phase of central bank digital currency experiments. Role of CBDC...

New Payment System Seeking to Bolster Intra-African Trade Goes Live

22.1.2022
A new continent-wide payment system that seeks to strengthen African fiat currencies, as well as to boost intra-Africa trade, recently went live. Discussions about onboarding more African countries are still ongoing. SMEs the Main Beneficiaries of the Payment System A new African payment system...

Africa Will ‘One Day Have a Common Currency’ Says Secretary General of African Continental Free Trade Area

13.7.2021
The secretary-general of the African Continental Free Trade Area (AFCFTA) secretariat, Wamkele Mene, says Africa will “one day have a common currency” via a proposed “Pan-African Payment and Settlement System (PAPSS).” He adds that such a currency will help “ease...