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After Praising Bitcoin, JPMorgan Pushes JPM Coin, Sets Up Dedicated Crypto Unit
28.10.2020
JPMorgan Chase has revealed that its own JPM Coin is now being used commercially by a large tech company. The company has set up a dedicated crypto business unit with a focus on cross-border payments. This news follows a group of JPMorgan analysts praising bitcoin as an alternative investment...
How RUSH is Changing Cross Border Payments
23.10.2020
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
The US dollar is the most common currency used for cross border settlement between various countries and big corporations with the help of the traditional banking system. According to a report by the Balance,...
Monetary Stability: The IMF and Fed Chair Jerome Powell Discuss Digital Currency Implications
19.10.2020
On Monday, the International Monetary Fund (IMF) published a report on crypto assets like central bank digital currencies (CBDCs) and global stablecoins (GSCs). Moreover, the IMF also hosted a virtual panel that discussed digital currencies and cross-border payments with the Federal Reserve Chair...
Stellar CEO to Be Part of IMF Panel on Cross-Border Payments
18.10.2020
The panel will discuss the private-sector's role in addressing shortcomings of cross-border payments
FSB Report Says Stablecoins Promote Financial Inclusion: Urges Regulators to Tighten Laundering Controls
18.10.2020
The Financial Stability Board (FSB) says stablecoins have the potential to enhance the efficiency of the provision of financial services. The body adds that the hybrid cryptocurrencies have the potential to bring efficiencies to payments (including cross-border payments) as well as to promote...
Chinese Banks Stepping up Blockchain Cross-border Trade Financing
17.10.2020
Chinese banks are looking to up their cross-border trade game – with a series of new blockchain-powered innovations that could seek to reduce the nation’s dollar dependence.
Per Sina, the Beijing-based China CITIC Bank, the country’s seventh-biggest lender, has become the first domestic bank...
Stellar to Add Support for USDC Stablecoin, Opening Up Dollar-Backed Remittances
15.10.2020
The addition of the dollar-backed USDC stablecoin seeks to bolster Stellar’s standing as a cross-border payments network
Ripple Launches New Credit Service For Cross-Border Payments
9.10.2020
Source: Adobe/Тихон Купревич
California-based liquidity provider Ripple has introduced a new beta service, Line of Credit, designed to enable customers to benefit from its On-Demand Liquidity (ODL) service to source capital on-demand, and initiate cross-border payments with the use of the...
China's Ant Group launches cross-border trade platform to support SMEs
25.9.2020
Trusple platform promises to apply blockchain, AI and IoT technology to streamline cross-border trading processes for SMEs
Argentina Government Refuses to Pay $4M Bitcoin Ransom to Hackers Who Paralyzed Its Borders
9.9.2020
The government of Argentina has reportedly refused to pay a $4 million bitcoin ransom demanded by hackers who hijacked the country’s immigration systems, temporarily crippling cross-border movements. On Aug. 27, the cybercriminals – now identified as a group calling itself Netwalker...
Ripple Sued by 13 Australian Banks for Trademark Infringement
29.8.2020
Ripple Labs Inc. is being sued in an Australian court for allegedly infringing a trademark belonging to several local banks. A lawsuit filed by the New Payments Platform Australia (NPPA), a joint venture between the Reserve Bank of Australia and 13 domestic banks, claims that Ripple copied...
Nigeria’s Foreign Currency Crisis Boon for Bitcoin: Country Tops Wallet Downloads Ahead of the US
21.8.2020
Nigeria’s weakening naira currency, as well as the shortage of U.S. dollars, are forcing businesses to switch to bitcoin as the means of settling payments for international transactions. Nigerian businesses need the American currency to buy new supplies, as well as to order essential...
What Happens When Border Radii Overlap?
17.8.2020
I’d wager that most times we’re rounding box corners in CSS, we’re applying a uniform border-radius value across the border. It’s a nice touch of polish in many designs. But there are times when we might want different radii for different corners. Easy, right? That way the property takes four...
More Control Over CSS Borders With background-image
7.8.2020
You can make a typical CSS border dashed or dotted. For example:
.box {
border: 1px dashed black;
border: 3px dotted red;
}
You don’t have all that much control over how big or long the dashes or gaps are. And you certainly can’t give the dashes slants, fading, or animation!...
Ignorance and Greed Sustain Cryptocurrency Scams in Nigeria
28.7.2020
Nigeria is not only Africa’s biggest cryptocurrency market but is also a leading adopter of digital currencies globally. Official figures show the country is well ahead of fellow African countries. Citizens of the West African state use cryptocurrencies for cross border payments as well...
Chinese Blockchain-powered Cross-border Trade Pilot Handles USD 4.4bn
21.7.2020
Operators of a Chinese blockchain-powered cross-border trade pilot platform are set to expand the platform’s scope – with multi-million dollar trade deals now being conducted in a key testbed area.
Per Haiwainet, the central government is testing the efficacy of the network in the Guangdong-Hong...
Cypherium CEO Predicts CBDC Cross-Border Payments ‘Soon’
16.7.2020
Cypherium’s founder predicts that adoption of CBDCs for cross border payments will happen sooner than expected
How Can Blockchain Disrupt Cross-Border Payments?
15.7.2020
Blockchain technology can bring about major changes for cross-border payments, says Ripple’s former chief market strategist
Bank of England Still Debating Creation of Central Bank Digital Currency, Says Bailey
15.7.2020
Bank of England (BoE) Governor Andrew Bailey said Monday that the institution is still debating whether it should create a central bank digital currency (CBDC). Speaking at a webinar event, Andrew Bailey admits a CBDC will be a reality in the next few years. He, however, does not provide a time...
BIS Unsure if 'Global Stablecoins' Can Help Cross-border Payments
13.7.2020
Agustín Carstens, General Manager of the BIS. The Bank for International Settlements (BIS) agrees that leading financial nations badly need to make cross-border payment progress – but is still unsure if that the answer will be found in global stablecoin projects.
In a new report to the G20 entitled...