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South Korea plans to regulate cross-border stablecoin transactions
8.10.2024
South Korea’s Financial Services Commission plans to consult with other jurisdictions, including Japan and the EU, on stablecoin rules.
Fabrick and TerraPay Partner to Innovate Cross-border Payments in Europe
8.10.2024
Fabrick, an Open Finance operating company, is expanding its geographical footprint by partnering with TerraPay, a company that…
Ripple Boosts Cross-Border Transactions in Brazil With New Payment Solution
4.10.2024
Ripple is expanding its digital payments service in Brazil, partnering with Mercado Bitcoin to offer faster, cheaper cross-border transactions. This move positions Ripple Payments as a key player in the region’s crypto landscape, helping businesses move funds 24/7. With plans to streamline treasury...
Ripple and Mercado Bitcoin to launch crypto-enabled payments in Brazil
3.10.2024
Mercado Bitcoin, one of the largest crypto exchanges in Latin America and a partner of Mastercard, is working with Ripple on crypto-enabled international payments
Ripple receives in-principle license approval in Dubai
1.10.2024
Ripple has acquired in-principle financial services license approval from Dubai’s DFSA, moving closer to offering cross-border crypto payment services in the UAE
Hong Kong’s e-HKD project expands into tokenization, programmability
23.9.2024
The Hong Kong Monetary Authority is looking at a potential CBDC from a wide perspective
Hong Kong’s e-HKD project expands into tokenization, programmability
23.9.2024
The Hong Kong Monetary Authority is looking at a potential CBDC from a wide perspective
Bank of Korea to Launch CBDC Payment Trial in Supermarkets
22.9.2024
South Korea’s central bank, the Bank of Korea, will soon allow participants to use digital tokens for payments at supermarkets and convenience stores in a central bank digital currency (CBDC) trial. Starting in December, 100,000 participants will be part of this test. Retail partnerships...
Mastercard, Safaricom Partner on Cross-Border Payments
20.9.2024
Mastercard and Safaricom have partnered to improve payment acceptance and cross-border remittances in Kenya. The partnership will benefit over 636,000 merchants using M-Pesa and enable them to serve customers globally. This collaboration will provide faster and more reliable payment solutions...
Lightning Network-Focused Startup Lightspark Sets Its Sights on Latam
19.9.2024
Lightspark hopes to enter Latin America’s cryptocurrency market through its partners in the region, including exchanges like Bitso and fintech institutions like Nubank. Nicolas Cabrera, Lightspark’s vice president of product, explained that the company will focus on targeting Latin...
World Banking Giants Join Project Agora to Reengineer Cross Border Payments
18.9.2024
Over 40 leading private banking institutions have joined Project Agora, a Bank for International Settlements (BIS) initiative to integrate smart contracts to change the current payment flow standard. The objective is to design a system combining public and private money to enhance cross-border...
Russian Central Bank Eyes Digital Currency to Overcome Cross-Border Payment Obstacles
17.9.2024
Elvira Nabiullina, head of Russia’s central bank, has highlighted challenges in cross-border settlements, including payment issues and falling trade volumes. She emphasized the importance of finding new solutions, such as using digital currencies and cooperating with global partners,...
More than 40 Firms Join Central Bank Group to Explore Tokenization for Cross-Border Payments
16.9.2024
More than 40 financial firms will join central bank group the Bank for International Settlements to explore how tokenization can enhance wholesale cross-border payments in Project Agorá, the BIS said on Monday
In-Depth Study Reveals Stablecoins as Pivotal Players in Global Finance
13.9.2024
As digital economies evolve, stablecoins emerge not just as mere facilitators for crypto trading but as pivotal tools in global financial systems. A comprehensive report by Castle Island Ventures and Brevan Howard Digital, sponsored by Visa, unveils the profound impact of stablecoins on monetary...
Grayscale Launches XRP Trust — Cites Potential to Transform Legacy Financial Systems
13.9.2024
Grayscale Investments has created a new trust for XRP, allowing accredited investors to gain exposure to the cryptocurrency known for facilitating cross-border transactions. The Grayscale XRP Trust functions like other single-asset crypto investment vehicles, holding only XRP. Grayscale’s...
Ireland to probe Google’s AI model for data protection compliance
12.9.2024
The DPC’s inquiry into Google’s AI model development explores the handling of EU citizens’ personal data for training PaLM2
Mansa Partners With Nigerian Blockchain Platform Bitmama to Boost Cross-Border Payments
8.9.2024
The Nigerian blockchain payment platform Bitmama has partnered with the decentralized finance platform Mansa to improve cross-border payment accessibility in Africa. This partnership aims to enhance consumer payment capabilities and support trade across borders. Mansa’s liquidity solution...
Largest Japanese Banks to Use SWIFT-Linked Stablecoin System for Cross-Border Payments
7.9.2024
The largest Japanese banks—MUFG, SMBC, and Mizuho—plan to use a stablecoin-based system to facilitate cross-border payments in the future. The initiative, Project Pax, replaces correspondent banks with blockchain technology, linking it to SWIFT to allow users to initiate payments conventionally...
Japan’s major banks back new stablecoin project for global trade
6.9.2024
Project Pax, backed by Japan’s top banks, seeks to streamline cross-border transactions using stablecoins, addressing inefficiencies identified by the G20
Russia Begins a Trial of Cross-Border Payment Using Crypto
4.9.2024
The war between Russia and Ukraine has entered its third year. During this time, Western allies in Ukraine…