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Nalezeno "Cross-border": 405

Australia, Singapore, Malaysia, and South Africa to Trial Cross-Border Digital Currency Payments

3.9.2021
The central banks of Australia, Singapore, Malaysia, and the Republic of South Africa have set out to test the use of state-issued digital currencies in cross-border payments. The trial, led by the Bank for International Settlements, aims to establish whether they can simplify transactions and make...

Cambodia explores cross-border transactions of CBDC-like Bakong

6.8.2021
Launched in late 2020, Cambodia’s digital money project Bakong reached 200,000 users in June, doubling from three months earlier

Digital Yuan to Promote International Use of Chinese Currency, Experts Say

30.7.2021
The new digital yuan, currently undergoing trials, can help to increase the international usage of China’s national fiat, experts have stated. As the renminbi (RMB, CNY) is becoming one of the world’s most important currencies, the People’s Bank of China is planning to conduct...

Ghana Vice President Praises Central Bank’s CBDC Initiative, Says Digital Currencies Can Boost Intra-African Trade

30.7.2021
The Ghanaian Vice President, Mahamudu Bawumia, has implored African governments to start exploring digital currencies as such alternatives have the potential to enhance intra-African trade. In addition, such digital currencies allow African countries to carry out all cross-border payments smoothly...

EY aims to simplify cross-border withholding tax process with blockchain

29.7.2021
EY expects that its new blockchain-based withholding tax solution can lay a foundation for the European Commission’s withholding tax relief system

Bankers Rush To Fix Cross-border Payments as Crypto Competition Hots up

28.7.2021
The banking industry looks set to go to war with crypto – and is attempting to beat coins and their proponents at their own game, with the Bank for International Settlements (BIS) following on the heels of the international payments network SWIFT in a fresh assault. Yesterday, Cryptonews.com...

French Central Bank Conducts Fifth Experiment on Tunisia CBDC

23.7.2021
The French central bank, Banque de France (BOF), recently carried out its fifth experiment on the Central Bank of Tunisia (CBT)’s central bank digital currency (CBDC). According to a statement from BOF, the latest experiment is part of the banks’ joint effort to create conditions that...

Visa to acquire cross-border payments fintech Currencycloud

22.7.2021
The lines between traditional payments networks and fintech continue to blur with Visa's acquisition of the London-based firm

IMF, World Bank, BIS Recommend Countries Work Together on CBDCs to Enhance Cross-Border Payments

18.7.2021
The International Monetary Fund (IMF), the World Bank, and the Bank of International Settlement (BIS) have conducted an extensive study of using central bank digital currencies (CBDCs) for cross-border payments. Their report to the G20 states that enhanced cross-border payments “can...

France and Singapore pilot cross-border CBDC transactions

8.7.2021
The central banks of France and Singapore are working on a digital currency interoperability system supporting multiple global CBDCs

Former PayPal employees launch decentralized cross-border payment network on Algorand

15.6.2021
“Fueling cross-border transactions with regulated stablecoins to represent fiat on-chain has never been done before,” said Borderless Capital CEO David Garcia

Swiss, French Central Banks to Trial Wholesale CBDC Settlements With BIS and Private Sector

11.6.2021
The central banks of Switzerland and France are joining hands with the Bank for International Settlements to test wholesale central bank digital currencies in cross-border transactions. The experiment will be conducted with the help of a private sector consortium led by Accenture. European Central...

BIS joins France and Switzerland's central banks on cross-border CBDC project

10.6.2021
The central bank digital currency project will test cross-border settlement between French and Swiss fiat currencies

Hong Kong to Connect Digital Yuan With Domestic Payments System in Cross-Border Trials

9.6.2021
Financial authorities in Hong Kong have announced a second phase of trials for mainland China’s digital currency. As part of the upcoming tests, the city will link the Chinese digital yuan to its domestic payments system to evaluate the CBDC’s usability in cross-border scenarios. Hong...

African Fintech Start-up Chipper Cash Raises $100 Million — CEO Says No Crypto Services for Nigeria

6.6.2021
Chipper Cash, an African fintech firm that specializes in facilitating cross-border payments, recently closed a $100 million Series C funding round. Taking the lead in what is now Chipper Cash‘s third fundraising round in the past twelve months is the venture capital (VC) firm, SVB Capital....

Hong Kong to expand pilots for cross-border use of digital yuan

13.5.2021
The first phase of tests for use of the digital yuan across borders has been successful, the Hong Kong Monetary Authority has said

KFH and Ripplenet Partner for Cross-Border Payments

12.5.2021
To support the ongoing humanitarian aid and community work, Kuwait Finance House (KFH) has paid Zakat house a total sum of KD 11.2 million. That step is taken in the backdrop of parallelism philosophy, where societies and businesses are complementary. A vibrant society is conducive to the growth...