2022-8-2 15:41 |
A senior central banker reckons state backed digital currencies are a better bet to make cross-border transactions quicker and cheaper – or just stitching together existing networks
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The Bank of Russia is reportedly drafting a bill that would create an “experimental legal regime” for cryptocurrencies to be exclusively used in cross-border import-export transactions, as announced by the regulator’s head, Elvira Naiullina.
2023-4-19 22:06 | |
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One of the advantages of using crypto is to ease cross-border transactions. Crypto makes the process swift, simple and affordable. Another reason to applaud crypto is the anonymity in users’ transactions.
2022-7-31 19:30 | |
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Ripple, the fintech firm runs its platform, RippleNet, which allows anyone to send and exchange cryptocurrencies or make cross-border transactions. This emerged as a direct competitor to the SWIFT (SoThe post New report suggests RippleNet as an alternative to SWIFT for the Arab world appeared first on AMBCrypto.
2022-3-19 22:30 | |
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When Bitcoin was first created, it was considered a great way to make peer-to-peer transactions. It was touted as a payment method that would allow for more privacy transparency and a way to ease the difficulty of cross-border transactions.
2022-3-17 21:03 | |
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The Cross-Border Interbank Payment System has just 75 members and processes only a fraction of the transactions that SWIFT handles; most major cryptos jump even as the Russian invasion intensifies.
2022-3-2 03:12 | |
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“A key opportunity where CBK sees potential value is the use of CBDC in facilitating cross-border transactions," the announcement reads.
2022-2-11 16:43 | |
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$METAMUSK Token: What is it? The $METAMUSK Token seeks to revolutionize the financial system. Encrypting all cross-border transactions and establishing international monetary standards are two major components of the project.
2022-1-25 23:24 | |
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The partnership between Tribal Credit, Bitso and Stellar Development Foundation will rely on crypto to streamline B2B transactions in Latin America.
2021-12-9 17:00 | |
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Leading crypto exchange Bitso has integrated a payment solution developed by Circle, one of the companies behind the stablecoin USD Coin (USDC). The integration will enable cross-border payments from Mexico to the U.
2021-11-19 01:00 | |
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Stellar, the blockchain network dedicated to facilitating cheap cross-border financial transactions, is set to… The post Stellar’s network to facilitate remittances between Europe and Africa appeared first on Coin Journal.
2021-10-26 13:04 | |
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The international payment network Visa announced it would create a platform for the compatibility of various blockchains. It will allow to perform cross-border transactions and convert central-bank digital currencies and stablecoins.
2021-10-2 23:39 | |
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The joint initiative will prototype shared DLT platforms enabling institutions to settle cross-border transactions using central bank digital currencies.
2021-9-2 08:05 | |
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Launched in late 2020, Cambodia’s digital money project Bakong reached 200,000 users in June, doubling from three months earlier.
2021-8-7 15:15 | |
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Central banks of Singapore and France are developing a digital coin interoperability system that will support various global CBDCs. The Financial authorities of both countries are seriously exploring the CBDCs cross-border applications.
2021-7-17 11:02 | |
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The central banks of France and Singapore are working on a digital currency interoperability system supporting multiple global CBDCs.
2021-7-8 13:31 | |
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Former PayPal employees launch a decentralized cross-border payment system on Algorand. The system aims to provide faster and cheaper transactions by “fueling them with regulated stablecoins to represent fiat on-chain,” Borderless Capital CEO David Garcia said.
2021-6-16 15:25 | |
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“Fueling cross-border transactions with regulated stablecoins to represent fiat on-chain has never been done before,” said Borderless Capital CEO David Garcia.
2021-6-16 16:00 | |
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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.
2021-6-11 17:00 | |
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In an announcement on Tuesday, SDF’s venture arm, Stellar Enterprise Fund, announced the multi-million funding round aims to boost the development of AirTM’s platform. Additionally, SDF will integrate Stellar blockchain to the platform in the coming year to make the transactions cheaper, a statement from the team reads.
2021-5-27 18:56 | |
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The National Bank of Egypt (NBE), Egypt’s largest and oldest bank, has inked a partnership deal with blockchain-based company Ripple, to utilize the latter’s digital payment solution, RippleNet, in order to facilitate cross-border transactions.
2021-5-20 19:01 | |
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The growth in the blockchain industry has been remarkable in recent years, with new innovations transforming the global financial system. Cryptocurrencies have made it possible to make cross-border transactions without intermediaries (Banks) and at low transaction fees.
2021-5-15 22:10 | |
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Cambodian bank SBI LY HOUR Bank has launched the first blockchain-based remittance services between Cambodia and Vietnam. This solution is expected to improve cross-border transactions between the two countries.
2021-5-11 10:00 | |
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XRP, a cryptocurrency that is primarily built for transactions, which can be purchased on crypto exchanges. XRP derives from Ripple, a payments platform designed for the rapid settlement of transactions and affordable cross-border remittances, which aims to supplement and redefine the current financial system.
2021-5-3 13:00 | |
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XRP is one of the most interesting cryptocurrencies in this space. Unlike digital assets like bitcoin and ether, XRP’s prominence is geared towards its use for cross-border transactions. Sending money across borders is notably an expensive and often slow process but XRP and Ripple seem to be taking this head-on. These efforts appear to be […]
2021-4-22 23:40 | |
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Blockchain technology was born out of the long-standing need for change. Globalization, the growth of e-commerce, and an increase in cross-border sales drive demand for faster and safer transactions.
2021-4-15 17:00 | |
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Ripple has been, for a long time, in the business of cross-border transactions which has seen it collaborate with payment firms like MoneyGram and being deployed across the globe. It recently expanded on these efforts with a 40% acquisition in Tranglo, a prominent cross-border payment firm based in Asia. The announcement of this not only […]
2021-3-30 14:11 | |
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Russia is apparently preparing to scrutinize cross-border cryptocurrency transactions for potential illegal activity.
2021-3-18 18:45 | |
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The State Bank of India (SBI), a major Indian bank, has collaborated with Wall Street giant JPMorgan to utilize the latter’s blockchain solution for efficient cross-border transactions. SBI Collaborating with JPMorgan for Blockchain-based Cross-border Payments According to the Economic Times on Wednesday (Feb.
2021-2-23 21:00 | |
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Ripple, a San Francisco-based blockchain firm that runs XRP, has partnered with Novatti Group, a digital banking and payments company based in Australia. Novatti Group unveiled this news via an official announcement on December 7, noting that this collaboration seeks to facilitate real-time cross-border transactions between Australia and Southeast Asia.
2020-12-8 18:22 | |
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At an event Monday, FinCEN staffers discussed the “why” of a new proposal that has crypto fans concerned.
2020-11-16 20:46 | |
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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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Blockchain firm Ripple, which has recently threatened to leave the United States if the regulatory climate does not improve, has launched a new XRP-based loan product dubbed “Line of Credit”. The product is currently in beta and will let On-Demand Liquidity (ODL) customers access working capital loans to conduct cross-border transactions using Ripple’s XRP cryptocurrency. […]
2020-10-10 19:04 | |
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Crypto payment capability is coming to over 5 million Austrians following a recent partnership between A1 Telekom Austria and local fintech startup Salamantex. With cryptocurrencies enabling seamless cross-border transactions, industry observers have often tipped the novel tech as having a future in the online payment arena.
2020-7-29 20:35 | |
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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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Former U.S. Treasury Secretary Lawrence Summers praised stablecoins last week, saying he sees use cases in cross-border transactions as one example.
2020-7-5 20:11 | |
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Stellar (XLM) the truly decentralized blockchain project that claims to be focused on revolutionizing the world of payments by facilitating seamless, cost-efficient, and superfast cross-border transactions between any pair of currencies, has successfully rolled out its much-anticipated Protocol 13 upgrade after several months of hard work.
2020-6-20 19:00 | |
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Over the course of 2020, a growing number of companies have begun leveraging Ripple's remittance platform ODL, a platform that enables more efficient cross-border payments and transactions with the heThe post Ripple's Garlinghouse waives off pandemic-induced concerns appeared first on AMBCrypto.
2020-6-11 15:30 | |
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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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An increasing number of firms have now started to leverage Ripple and its remittance platform ODL, which essentially facilitates cross-border transactions utilizing XRP. Over the last couple of monthsThe post Ripple's ODL in Australia records new ATH appeared first on AMBCrypto.
2020-6-2 00:00 | |
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Singapore-based digital assets exchange Bitrue has found success by putting the digital asset XRP at the center of its trading platform. The asset is used by Ripple’s payment network to facilitate low-cost, same-day cross-border transactions and Bitrue believes that XRP’s growing utility among businesses and individuals will bring more users to its exchange.
2020-5-15 21:14 | |
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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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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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MoneyMatch is a cross-border transfer service that helps small and medium-sized enterprises (SMEs) in Malaysia pay their global suppliers. As the country’s traditional financial institutions were charging high FX rates on the smaller volume transactions typically requested by SMEs and individuals, MoneyMatch partnered with Ripple to offer cheaper and faster payments to more than 120 … Continued The post MoneyMatch Works With Ripple to Provide Cost-Effective Global Payments for SMEs in Malaysia appeared first on Ripple.
2020-4-16 21:08 | |
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Ripple announced its partnership with International Money Express (Intermex) on Feb 4, 2020. According to Ripple’s announcement, Intermex processes more than 30 million transactions annually and is thus among the largest US to Mexico cross-border payments provider.
2020-3-24 18:26 | |
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DeeMoney, a fintech company based in Thailand specializing in digital cross-border money transfers, has announced its platform is now processing live transactions, in partnership with Ripple, the enterprise blockchain solution for global payments.
2020-3-20 23:17 | |
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Coinspeaker Ripple and Bitso Offer Friction-Free Exchange across Latin AmericaThe partnership between Ripple and Bitso is proving fruitful as millions of Latin Americans can use the service to send cross-border payments and enjoy cheap, fast and efficient transactions.
2020-3-7 14:53 | |
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It’s been a progressive year for Singapore’s fintech space, with a who’s who of players attending the Singapore Fintech Festival. Also in early November, Ripple held its third annual Swell conference for the first time in Asia, where we had the chance to experience insightful keynotes from the world’s most trusted voices in financial services, … Continued The post Cross-Border Transactions Are the Key to Connecting a Fragmented Region appeared first on Ripple.
2020-2-6 22:40 | |
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When we talk cross-border payments, the two names come to mind: Ripple and Swift. The two platforms can be very complementary and help speed up cross-border transactions, as Marjan Delatinne, Ripple'sThe post Ripple enables SMEs receive international payments immediately: exec appeared first on AMBCrypto.
2020-1-11 13:00 | |
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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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The exchange could return as a FIU-registered firm after paying the fine, the report added.
This is the third test for the Province's new tool to combat money laundering.
The Federal Reserve continues to pilot a central bank digital currency, but will not issue one without executive branch and Congressional support, the report said.
India's most controversial crypto tax, the 1% TDS levy deducted at source, should be lowered to 0.01%, according to the findings of a new study.
Standard Chartered chose Dubai to launch crypto services from. However, reading between the lines, almost anywhere is preferable to the U.S. – that’s the message coming from banks and large institutions.
The finalized rules, set to be published in the EU's official journal, force crypto firms to report on customers' holdings to be shared between tax authorities.
Two years earlier, the exchange was warned by Japanese regulators that it was operating in the country without permission.