Search
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
New Bank of America Report Says Digital Currencies ‘Could Boost Economic Growth’ in Developing Countries
23.6.2021
A new Bank of America (BOA) research study has found that both central bank digital currencies (CBDCs) and private digital currencies hold “a lot of potential” for increasing financial inclusion in developing countries. In the report, the bank also argues that such “digital...
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
Official Remittance Inflows to Zimbabwe Surged to $1 Billion After Covid-19 Restrictions Forced Migrants to Use Formal Channels
13.5.2021
Cross border remittances into Zimbabwe surged to $1 billion in 2020, more than a 36% increase from the $636m that was recorded in 2019. This surge in remittances occurred despite the “steep decline in economic activity in host countries, which in turn made it difficult for migrants in...
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...
JPMorgan and DBS to launch blockchain cross-border payment platform
28.4.2021
JPMorgan and DBS’ new blockchain interbank platform is designed to complement central bank digital currency projects
New ASEAN blockchain consortium targets cross-border cooperation
23.4.2021
The new ASEAN Blockchain Consortium aims to engage with regulators to ensure compliance and raise industry awareness
Enterprise blockchain solutions rally as businesses get hip to crypto
13.4.2021
XRP, Stellar and XinFin see tremendous growth as enterprise solutions that offer cross-border solutions and serve the unbanked gain traction
Citi and IADB complete cross-border payment pilot with blockchain tech
8.4.2021
IADB disbursed tokenized funds to a recipient in the Dominican Republic using the LACChain blockchain network
XRP price surges 55% to a 3-year high amid push for financial inclusivity
5.4.2021
A new cross-border payments acquisition and a renewed push to increase global financial inclusivity triggered a 55% rally in XRP price
Ripple Partner Mercury FX Accepted Into ‘First Cohort’ of a South African Regulatory Sandbox
4.4.2021
South Africa’s Inter-governmental Fintech Working Group (IFWG) recently accepted Mercury FX, a UK-based e-money firm, into the first cohort of its regulatory sandbox. The firm, which harnesses the Ripplenet blockchain, says it wants to demonstrate its technology’s ability “to...
Hong Kong and China test cross-border digital yuan, says PBoC official
1.4.2021
The digital yuan continues to develop apace
Ripple acquires stake in cross-border payments firm
30.3.2021
Ripple has agreed to acquire a 40% stake in cross-border payments firm Tranglo to further expand its ODL service in Southeast Asia
Russian Anti-Money Laundering Body Will Monitor Crypto to Fiat Transactions, Says Official
28.3.2021
Herman Neglyad, the deputy of the Russian anti-money laundering body, Rosfinmonitoring, has said his organization will monitor cryptocurrency transactions that involve the conversion from crypto to fiat. Neglyad made this revelation during a recent meeting of the State Duma Committee on financial...
Putin Asks Russian Attorney General Office to Combat Illegal Cross-Border Crypto Transfers
19.3.2021
The Russian President held a meeting with the attorney general’s office where cryptocurrencies came to the discussion table. Vladimir Putin raised red flags toward taking measures to prevent illegal activities on cross-border transfers with cryptos. Putin Calls Other Offices to Join the Fight...