Tag: cross-border payments

May 23 2022

SWIFT Tests CBDC Interoperability To Enable Cross-border Payments

The well-known global financial messaging service, SWIFT, is set to test the Central Bank of Digital Currency (CBDC) by interlinking several CBDC networks in order to execute cross-border payments. Besides currently linking financial institutions worldwide to communicate and execute financial payments, the Belgium-based network has approached consulting firm Capgemini and French information technology services to propel the project. An...

Mar 21 2022

Why Top International Banks Partnered to Use Ripple Network

An international banking alliance is using the Ripple blockchain network technology for cross-border payments efficiency. Banks from Canada and Israel signed an agreement with National Australia Bank (NAB), Australia’s largest business bank, to improve the security and efficiency of their payment systems, share innovation strategies, and more. Top Banks Use Ripple For Cross-Border Payments Currently, the Ripple payment network works with...

Dec 09 2021

Tribal Credit Partners With Bitso and Stellar To Ease Cross-border B2B Payment

In a bid to offer a cross-border business-to-business B2B payment option for businesses, Tribal Credit has now collaborated with top crypto exchange Bitso and the Stellar...

Sep 13 2021

Moody’s Report: Cross-Border CBDC transactions may affect banks’ commission

Moody’s Investors Service latest report warned financial institutions that the widespread adoption of CBDCs may cause credit-negative for banks in lieu of lowered fees and commissions. Furthermore, banks with active foreign currency payments, clearing, and remittance services will bore the burn of losses according to Moody’s credit outlook report. This month, the Bank of International The post Moody’s Report: Cross-Border CBDC transactions may...

Mar 30 2021

XRP Eyes $0.60 as Ripple Acquires 40% Stake In Asian FinTech Tranglo

Ripple's native cryptocurrency XRP is currently eyeing a move above $0.60 and it jumps 3.89% trading at $0.58 with a market cap of $26.2 billion. The recent price surge comes as Ripple announces a 40% stake acquisition in Asian FinTech...

Oct 01 2020

Harmony Building Trustless Bridges to Bitcoin and Ethereum

Harmony, a fast and open blockchain for decentralized apps, is aiming to connect blockchain to all people and any economy. Recently, it revealed its cross-chain pool and cross-exchange roadmap for the unification of the blockchains. According to the roadmap, Harmony will use a ground-breaking method to build a trustless bridge to the Bitcoin, Ethereum, and Binance chains. The...

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