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The Bank of Thailand will launch a retail central bank digital currency (CBDC) pilot project in a regulatory sandbox this month. Three payment providers will take part, according to local media. The project will involve up to 10,000 users and run through August.Bank of Ayudhya (Krungsri), Siam Commercial Bank and
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The path to standardizing and upgrading cryptocurrency regulation across the globe has seen progress in recent years, as detailed in the recent panel discussion “Crypto Regulation in Europe: The Tipping Point” held during the Money20/20 event
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The metaverse can be broadly defined as a blockchain-fueled, all-encompassing virtual world that offers new human and socio-cultural experiences. It epitomizes decentralized and immersive social experiences that often involve virtual reality (VR) and augmented reality (AR), opening up an entirely new set of opportunities for social interaction. No single company
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The Society for Worldwide Interbank Financial Telecommunication (Swift) and blockchain data provider Chainlink will work with more than 12 major banks across the world to test the use of existing Swift infrastructure to transfer tokenized assets across public and private blockchain networks, Swift said on Tuesday. See related article: SWIFT, Chainlink
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied JP Morgan Chase & Co. has partnered with six Indian banks to launch a blockchain-powered platform for settling interbank dollar transactions in India’s emerging international financial center. The pilot program commenced June 5 and is expected to
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JPMorgan Chase & Co. has launched a pilot project with top private lenders in India for interbank dollar transaction settlements through its blockchain platform, Onyx, Bloomberg reported. See related article: How JPMorgan’s Onyx is redefining payments in banking with blockchainFast factsThe pilot project, reportedly launched on Monday with India’s HDFC Bank,
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Global financial giant JPMorgan has announced a strategic partnership with six major Indian banks to launch a blockchain-based platform to settle interbank dollar transactions. This latest move is part of a broader effort to promote the growth
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The goal of this project will be to settle dollar trades in real-time which is significantly faster than the current settlement periods of a few days. Banking giant JPMorgan has partnered with six Indian banks to settle interbank dollar transactions over a blockchain platform in the country’s newest international
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Global financial services company JPMorgan continues exploring the benefits of blockchain, deploying the technology to eliminate some restraints of traditional finance.JPMorgan has partnered with six major Indian banks to introduce a blockchain-based platform enabling interbank settlement of dollar transactions, Bloomberg reported on June 5.The participating banks include HDFC Bank, ICICI
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The aim of the project is to settle dollar trades in real time around the clock as opposed to over a matter of days and only during the working week. Source
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