2021-1-26 22:45 |
Bank of England Governor Andrew Bailey claims cross-border payments are too expensive
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The Bank of International Settlements' Innovation Hub (BISIH) announced this week that one of its highest priorities is the continued research and testing of Central Bank Digital Currencies (CBDCs), along with five other areas of focus.
2021-1-23 22:52 | |
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The new platform was announced as part of the BIS Innovation Hub's priorities and programs for 2021.
2021-1-22 17:48 | |
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China’s former head of the central bank said digital yuan could be useful for cross-border trade and support its efforts to promote yuan as an international currency. Zhou Xiaochuan, who stepped down as governor of the PBOC in 2018, spoke at the Shanghai Financial Forum on Friday.
2020-12-15 00:31 | |
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China’s central bank and the Hong Kong Monetary Authority (HKMA) are gearing up to conduct a pilot test of the e-yuan central bank digital currency (CBDC) system. The move further broadens the scope of the digital currency electronic payment (DCEP) with plans to introduce the currency in Macau as well.
2020-12-7 18:00 | |
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The central bank of China and Hong Kong Monetary Authority is now discussing the technical pilot testing of digital renminbi for cross-border payments, said HKMA on Friday. The launch date for e-CNY hasn’t been set yet.
2020-12-5 19:54 | |
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The anticipation was great when Jerome Powell, the Chair of the United States Federal Reserve, finally addressed the government’s position on digital currency and the potential role of a central bank digital currency (CBDC) for domestic and international cross-border payments, on Oct.
2020-11-6 14:29 | |
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The IMF panel on cross-border payments was a Central Bank Digital Currency (CBDC) discussion in disguise, headlined by Jerome Powell, chairman of the Federal Reserve. The post Video: The Fed Considers CBDCs And Bretton Woods 2.0 appeared first on Bitcoin Magazine.
2020-10-22 19:32 | |
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According to Izvestia, a Russian finance news site, the Ministry of Finance and Bank of Russia investigate other nations’ efforts in releasing a central bank digital currency (CBDC). The post, published on Monday, highlights some of Russia's advantages of launching its own digital ruble, including reducing the cost of transactions, more opportunities for cross-border payments, […] The post Bank of Russia Is Studying Pros & Cons of a Digital Ruble; May Start Developing CBDC In 2021 first appeared on BitcoinExchangeGuide.
2020-10-21 20:41 | |
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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 Jerome Powell.
2020-10-20 00:00 | |
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ConsenSys has shared on Sept. 25, that it was awarded a cross-border payment network study project by the Hong Kong Monetary Authority (HKMA). The project involves the development of a technology for a central bank digital currency (CBDC) cross-border payment network, which actually serves as the second implementation phase of the Project Inthanon-LionRock.
2020-9-25 18:24 | |
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TPBank, a RippleNet client, is about to start the first transaction office in Phu Quoc, while Currencycloud partners with Radius Bank for better cross-border payments
2020-8-24 17:14 | |
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The advent of Stablecoins and Central Bank Digital Currencies (CBDCs) has pretty much put Ripple’s XRP in a compromising position, especially given that they do almost exactly what XRP does when utilized in cross-border payments.
2020-8-20 19:14 | |
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Singapore’s central bank has successfully completed the fifth phase of a blockchain payments project, soon to be ready for live adoption. The Monetary Authority of Singapore (MAS) announced today that it has developed a blockchain-based payments prototype for faster and efficient cross-border payments.
2020-7-14 21:13 | |
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Santander has expanded its One Pay FX app, the transformative cross-border payments solution, to 19 countries in a partnership with Ripple. Spanish multinational commercial bank Banco Santander has partnered with Ripple to facilitate speedy and transparent cross-border transactions.
2020-7-11 22:02 | |
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A leading crypto-friendly European bank, Bank Frick has announced it is replacing interbank payment facilitator SWIFT with Circle’s Stablecoin, USDC. The bank based in Liechtenstein cited the speed of transactions for its decision as it is trying to speed up USD payments.
2020-6-10 21:05 | |
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Baosteel, a Chinese steelmaker, along with Australian mining firm Rio Tinto, have completed a renminbi (RMB)-denominated letter of credit (LC) transaction using blockchain technology. The LC transaction facilitated by Standard Chartered Bank (SCB) represents the first-ever paperless cross-border deal in the iron ore industry finalized in China’s fiat currency.
2020-5-14 15:16 | |
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Enterprise-geared cross-border remittance blockchain network Stellar (XLM) wants to become the go-to platform for governments around the world to issue central bank digital currencies (CBDC) on. Stellar CEO, Denelle Dixon, hinted at the ambition during Consensus distributed.
2020-5-14 23:07 | |
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United Arab Emirates-based commercial bank RAKBank has partnered with Asia, a major bank in Bangladesh to facilitate cross-border remittance transactions. Ripple’s digital payment solution RippleNet will be utilized for the initiative.
2020-5-13 21:07 | |
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Thailand’s oldest bank – Siam Commercial Bank (SCB) – has unveiled its global strategy for cross-border payments with the launch of Outward Remittance Service via SCB EASY developed in conjunction with blockchain project Ripple Inc.
2020-4-29 15:07 | |
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While a local bank is using blockchain to execute cross-border transactions, Abu Dhabi Global Markets is preparing to launch this quarter
2020-4-16 22:00 | |
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According to the research by investment bank Credit Suisse, the international money transfer service provider, Western Union is currently testing and considering the usage of Ripple (XRP). The report from late January 2020 reads, “Western Union: Testing and considering use of Ripple (XRP) for cross-border (Ripple has made a $50mm investment in Western Union competitor, […]
2020-4-14 18:27 | |
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According to an official announcement dated March 26, 2020, Thailand-based Siam Commercial Bank (SCB), in partnership with Ripple’s enterprise-grade digital payments solution RippleNet, is making it easier for Thais to make instant low-cost cross-border payments from their mobile devices.
2020-3-27 16:00 | |
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Coinspeaker Ripple Partners with DeeMoney to Power Faster and Cheaper Cross-Border Money TransfersRipple's partnership with DeeMoney is set to enter the second phase. DeeMoney is currently the only fintech firm with a funds transfer license from the Thai Central Bank.
2020-3-20 18:45 | |
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The UAE’s corporate bank, National Bank of Fujairah (NBF) has joined RippleNet, a global payments network to make easy and seamless cross border payments to India. Also, the corporate bank will use the blockchain-based payments network to send and track international payments in real-time, according to a Ledger Insights report on March 3, 2020.
2020-3-4 00:00 | |
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The Bank for International Settlements (BIS) has just released its quarterly report, describing dwindling cross-border banking relationships over the past decade. Correspondent Banking Relationships Falling Between 2011 and 2018, correspondent...The post BIS Notes Cross-Border Banking Decline Since Bitcoin’s Creation appeared first on Crypto Briefing.
2020-3-4 12:48 | |
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Bank of International Settlements (BIS) researchers focusing on the payments’ future, reveals their latest quarterly report released on Sunday. The paper has 138 pages and looks at what’s on the horizon in the financial sector, especially since tokenization, central bank digital currencies (CBDCs) and cross-border payments are starting to be more and more in trend. […]
2020-3-3 01:48 | |
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National Bank of Fujairah?(NBF) joins the RippleNet network to improve cross-border payments for its customers
2020-3-2 18:33 | |
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Coinspeaker Bank of America May Become New Member of RippleNetBank of America (BoA) is the second-largest bank in the U. S. It reportedly will join RippleNet for fast and cheap cross-border payments and exclusive infrastructure.
2020-2-22 21:10 | |
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National Bank of Egypt (NBE), the country’s oldest and largest bank in terms of assets, has inked a strategic partnership deal with Ripple, the San Francisco-based blockchain project in charge of XRP.
2020-2-13 02:00 | |
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Ripple has onboarded the National Bank of Egypt to its blockchain powered cross-border payments network, RippleNet
2020-2-13 13:43 | |
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XRP could be on the brink of mainstream adoption as Benoit Coeure, appointed Chief of the Bank of International Settlements, lists cross-border payment solutions as a ‘top urgent priority’ in the current financial world.
2020-1-23 16:00 | |
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The Reserve Bank of India (RBI) says citizens do not need cryptos as the country’s mainstream financial framework already has working solutions for cross-border remittances. The Indian central bank also clarified the legal situation of cryptocurrencies in the country, stating that there is no ban on virtual currencies.
2020-1-23 20:00 | |
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Thailand's Siam Commercial Bank (SCB) recently partnered with RippleNet to create 'SCB Easy', a mobile application that facilitates instant, low-cost cross-border payment solutions, according to a bloThe post Ripple and Thailand's SCB to launch mobile payment app appeared first on AMBCrypto.
2020-1-10 15:32 | |
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Siam Commerical Bank, a 112-year-old financial institution, announced a mobile banking interface that facilitates cross-border transactions at a lower cost. Asia is the world leader in mobile banking with China and Thailand boasting 86 percent and 67 percent mobile penetration respectively.
2020-1-10 14:00 | |
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Ripple continues to make progress across Asia. Its latest venture focuses on providing low-cost cross-border payments to clients across Thailand. Various enterprises see merit in Ripple and its XRP ledger technology.
2020-1-10 07:00 | |
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Thailand’s oldest bank, Siam Commercial Bank (SCB) has taken to change the lives of over 16 million customers by launching SCB Easy, a mobile application that runs on Ripple to deliver instant and low-cost cross-border payments.
2020-1-9 17:59 | |
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Coinspeaker Thailand’s Oldest Bank Partners with Ripple to Create App Called SCB EasySCB, which is the oldest bank in Thailand, announced that it wants to go digital. In order to do that, it has partnered with Ripple to provide instant, low-cost cross-border payments.
2020-1-10 16:36 | |
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Major Thail bank launches mobile app powered by Ripple to facilitate fast, low-cost cross-border payments
2020-1-10 04:00 | |
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Siam Commercial Bank (SCB) is on a mission to change the lives of their over 16 million customers. Thailand’s oldest bank has partnered with Ripple to help bring the company into the digital age and create SCB Easy—a mobile application that runs on Ripple to deliver instant, low-cost cross-border payments.
2020-1-10 22:08 | |
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Siam Commercial Bank (SCB) is on a mission to change the lives of their over 16 million customers. Thailand’s oldest bank has partnered with Ripple to help bring the company into the digital age and create SCB Easy—a mobile application that runs on Ripple to deliver instant, low-cost cross-border payments.
2020-1-9 22:08 | |
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The IMF has urged the Philippines’ central bank to begin collecting data on cross-border flows of crypto assets for its macroeconomic analysis
2020-1-3 13:51 | |
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Coinspeaker Ripple’s Cross-Border Provision Acclaimed by Bank of America, Will It Boost XRP Price?Bank of America admits that Ripple offers a truly innovative solution. But there is still a question whether it will impact the XRP price positively.
2019-12-14 21:31 | |
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A prominent XRP community member shares data in which the Bank of America names Ripple?s cross-border payment system an ?innovation example?
2019-12-10 11:48 | |
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The European Central Bank (ECB) would be considering the possibility of issuing its own digital Euro if the private sector fails to guarantee a convenient changeover for cross-border payments. The news was published by Bloomberg on December 4.
2019-12-5 14:00 | |
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Eidoo, a cryptocurrency wallet platform with a built-in exchange, announced today that it has enabled instant SEPA transfers for European users. SEPA stands for the Single Euro Payments Area. It is an established system for cross-border Euro bank transfers between countries in the Eurozone.
2019-12-2 12:39 | |
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Westpac, Australia’s second-largest bank, violated money laundering laws 23 million times and could be fined AUD21 million (US$15. 7 million) per breach. Westpac Banking Corp, the second-largest bank in Australia, currently faces multiple accusations.
2019-11-20 11:10 | |
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In April 2018, Santander launched a foreign exchange service that uses the blockchain technology via Ripple to make same-day international money transfers. At the time, it said the service called Santander One Pay FX has been the first cross-border payments service using blockchain made by a bank. It went live in the UK, Span, Brazil, […]
2019-11-16 19:48 | |
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Monetary Authority of Singapore [MAS] recently revealed that it had collaborated with banking giant J.P. Morgan in order to develop a blockchain-based prototype. J.P. Morgan has always been bullishThe post Singapore's central bank to develop prototype for cross-border payments appeared first on AMBCrypto.
2019-11-11 09:00 | |
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Vietnam-based TPBank (Tien Phong Commercial Bank) has become the latest member to join Ripple Inc. ’s blockchain-powered enterprise-grade payments network RippleNet. This, according to a report by Yahoo! Finance, November 4, 2019.
2019-11-5 20:00 | |
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