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Bitex Partners With Bantotal For More Cross-Border Payments in Latin America

Bitcoin (BTC) exchange Bitex has partnered with Uruguay-based financial software company Bantotal in order to expand it cross-border payments system on the Bitcoin blockchain to Latin America.CoinDesk announced the companies’ new partnership in a report on Aug. 13. According to the report, the upshot of this partnership is that

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Bitcoin Cross-Border Payments Now Available in 60 Latin American Banks

Bantotal, a core banking service provider, is working closely with Bitex crypto exchange to facilitate cross-border payments using the Bitcoin blockchain targeting at least 60 Latin American banks.The nascent industries of blockchain and cryptocurrencies are gradually attracting institutional investors. Reports reveal that a leading Latin American bank technology provider is

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SWIFT Vs. Ripple — The Importance of Speed in Cross-Border Payments

The emergence of blockchain technology has undoubtedly altered the course of global digital payment development. With the likes of Ripple and Facebook’s Libra challenging the monopoly of banks and other financial institutions, mainstream players like SWIFT, Visa and Mastercard have been forced to seek significant improvements to the legacy

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Facebook’s Libra Concept Will Impact Cross-Border Payments: Ex-PBoC Chief

A former governor of the People’s Bank of China (PBoC) has indicated that Beijing may delegate the issuance of digital currency to commercial entities, the Hong Kong-based South China Morning Post newspaper reported on July 11.Zhou Xiaochuan, who stood down as head of the central bank in 2018 after 15 years, revealed the country may

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XRP, Libra and Visa to Fight It Out for Cross-Border Remittance Crown

The increased penetration of cryptocurrency in the digital payment arena appears to be affecting the landscape of cross-border remittances. Financial institutions and other mainstream establishments are now jostling with blockchain startups for control over an industry that could possibly experience massive growth over the next few years.With more participants comes greater competition

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Blockchain Credit Union Consortium to Use R3’s Corda for Cross-Border Payments Product

CULedger, a blockchain consortium and credit union service organization (CUSO), has chosen enterprise software firm R3’s Corda blockchain to underpin its forthcoming cross-border payments product. The news was reported by fintech news outlet Finextra on May 21.As reported, CULedger joined the R3 global blockchain ecosystem in December 2018.The blockchain

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Singapore Regulator Recognizes Potential of Blockchain for Cross-Border Payments

Sopnendu Mohanty, Chief Fintech Officer of the Monetary Authority of Singapore (MAS), said that blockchain has potential for cross-border payments but the agency “does not see much” in retail bank digital currencies. Mohanty delivered his comments at the Blockchain in Business event at the Massachusetts Institute of Technology on

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CipherTrace Detects Major Uptick in Cross-Border Payments to Offshore Crypto Exchanges

Disclaimer: A CipherTrace spokesperson informed Cointelegraph that these numbers are subject to change as new information becomes availableThere has been a 47% increase in the number of cross-border payments from United States crypto exchanges to offshore exchanges since early 2017, posing an ostensible quandary for regulators. The data was

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Saudi British Bank Launches Ripple-Powered Instant Cross-Border Transfer Service

Saudi British Bank (SABB) has launched an instant cross-border transfer service powered by Ripple, according to a news release on April 25.The bank said the technology, unveiled at the Financial Sector Conference in Riyadh on April 24 and 25, formed part of its “strategic plan towards digital transformation and

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