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Crypto Platform Strike and Checkout.com Partner to Bring Bitcoin Buying to 65+ Countries

17.11.2023
Source: Pixabay / WorldSpectrum Bitcoin (BTC) wallet and payment platform Strike has partnered with Checkout.com to enable debit-card-based Bitcoin purchases in over 65 countries. Strike leverages Bitcoin’s lightning network to let users make instant and free cross-border fiat currency payments...

Asia-based Crypto Exchange XREX Secures In-Principle Approval for Major Payment Institution License in Singapore

17.11.2023
Source: AdobeStock / Richie Chan On November 16, XREX, an Asia-based cryptocurrency exchange specializing in cross-border payments, achieved a significant milestone by receiving in-principle approval from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) license. This...

IMF Director Urges Institutions to Look Toward CBDCs, Highlights Cross-border Utility

15.11.2023
Source: AdobeStock / Kristina Blokhin The managing director of the International Monetary Fund (IMF) Kristalina Georgieva has publicly praised the deployment of Central Bank Digital Currencies (CBDCs) by more countries. Speaking at the Singapore FinTech Festival, on the theme “Financial Inclusion...

Ripple exec reiterates need for tech-neutral crypto regulations

14.11.2023
Navin Gupta, managing director of South Asia, Middle East and North Africa (MENA) at Ripple, told Cointelegraph that education and introducing non-speculative use cases can help crypto companies navigate through varying regulations

Ripple Partners With Onafriq to Enable Faster Cross Border Payments to Africa

14.11.2023
Ripple and the Africa-focused payment fintech startup Onafriq recently said they are collaborating to enable crypto-based cross-border payments between Africa and the Gulf Cooperation Council (GCC), the U.K., and Australia. Using Ripple’s platform helps Onafriq achieve its goal of making...

Ripple Expands Payments Network to 70+ Crypto and Traditional Payout Markets

10.11.2023
Ripple has expanded its payments network to more than 70 crypto and traditional payout markets. “Accumulatively this adds up to 90% of the global foreign exchange market,” the company explained, highlighting that the Ripple network has facilitated over $30 billion in payment volume...

Ripple Collaborates to Power Payments Corridors Between Africa and Rest of the World

8.11.2023
Source: Adobe Crypto payments giant Ripple has partnered with fintech Onafriq for cross-border payments between Africa and the rest of the world. The deal would facilitate crypto-enabled cross-border payments between 27 African countries and markets including the UK, Australia, and the Gulf....

China Mulls Digital Yuan Settlements for Commodities

7.11.2023
The People’s Bank of China (PBOC) is considering using the digital yuan to settle services and commodities trades with Hong Kong. According to Di Gang, deputy director-general of the Digital Currency Institute of the PBOC, this would help companies avoid the difficulties of using a single...

Lack of Global Regulation and Inconsistencies Could Hinder Stablecoin Cross-border Utility: CPMI Report

31.10.2023
Financial authorities continue to tip stablecoins as a pathway to better cross-border payments but a new report shows that regulations, competition, and network scale pose threats to wider adoption. The Committee on Payment and Market Infrastructures (CPMI) explained the vast utilities...

Drawbacks of Stablecoin Cross-Border Use Outweigh Benefits: Global Payments Watchdog

31.10.2023
Existing stablecoins aren't fully compliant with relevant regulatory requirements, a report by the Committee on Payment and Market Infrastructures said

JPMorgan’s JPM Coin Facilitates $1 Billion in Daily Transactions as Banking Giant Targets Cross-Border Settlements

26.10.2023
JPMorgan Chase & Co.’s digital token, JPM Coin, currently handles $1 billion worth of daily transactions, Global Head of Payments, Takis Georgakopoulos revealed. Georgakopoulos revealed in an interview on Bloomberg Television that JPM Coin is currently transacted daily, primarily in...

Ripple Joins Forces With Uphold to Improve Cross-Border Crypto Payments Liquidity

25.10.2023
Ripple has partnered with Uphold to improve its cross-border crypto payments infrastructure. Uphold will provide Ripple with “enhanced crypto liquidity capabilities.” Ripple offers services in over 55 countries, with payout capabilities in more than 70 markets, the company said...

Singapore Firm Strikes Cross-border Digital Yuan Deal with Chinese Bank

24.10.2023
A Singaporean payments firm has sealed a “cross-border” digital yuan cooperation deal with a major Chinese bank, in another breakthrough for the CBDC. Per the Shanghai Securities News, the deal was concluded by Thunes, a global payment infrastructure provider, and the China Construction Bank...

Chinese digital yuan CBDC used for first time to settle cross-border oil deal

23.10.2023
CBDC and de-dollarization saw major strides last week with the 1-million barrel deal on the Shanghai Petroleum and Natural Gas Exchange

First Abu Dhabi Bank completes cross-border payments testing on JPMorgan Onyx

11.10.2023
The FAB pilot follows Bank ABC’s in Bahrain. JPMorgan also just launched its Tokenization Collateral Network on Onyx

American Economist Jeffrey Sachs Heralds End of Dollar Hegemony: ‘Central Bank Digital Currencies Will Become the Basis of Payments’

7.10.2023
Jeffrey Sachs, an American economist and best-selling author, has stated that the end of the dollar’s hegemony is near and that central bank digital currencies (CBDCs) will become the basis of cross-border settlements. For Sachs, the abuse of the U.S. dollar as a geopolitical weapon is one...

Bank of France Deputy Governor Views CBDCs as a Catalyst For Cross-border Payments

4.10.2023
Denis Beau, the first deputy governor of Banque de France has referred to Central Bank Digital Currencies (CBDCs) as a foundation for a new global monetary system. According to him, CBDCs should be developed to implement cross-border payments rather than for local financial settlements alone...