Thursday, March 28, 2024
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MoneyGram Announces Non-Custodial Wallet to Facilitate Cross-Border Transactions

The new MoneyGram non-custodial wallet will provide a more flexible way for users to handle funds and make transactions cheaper. International peer-to-peer payments and money transfer giant MoneyGram International has announced its intention to launch a non-custodial wallet to bridge crypto and fiat. According to MoneyGram, users will be able to

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Citigroup Announces Piloting of Citi Token Services to Enhance Cross-Border Payments

Through the use of blockchain technology, Citigroup anticipates reducing cross-border timelines from days to instantaneous. Citigroup Inc (NYSE: C) announced the creation and piloting of Citi Token Services, a blockchain and smart contract-enabled technology meant to deliver digital asset solutions to institutional clients. Notably, Citi Treasury and Trade Solutions (TTS) closely

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JPMorgan Builds Blockchain Infrastructure for Deposit Token that Speeds Up Cross-Border Payments and Settlements

In addition to the JPM Coin, JPMorgan is now developing another blockchain asset that will function as a deposit token for cross-border transactions. Multinational bank and financial services giant JPMorgan (NYSE: JPM) is developing a blockchain deposit token to smoothen cross-border payments and settlements. According to a person familiar with the project, JPMorgan

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Visa to Adds Solana for Cross-Border Payments with ‘Multiple Blockchains’ and CBDCs to Follow

Sheffield said that Visa sees great potential for blockchain technology, especially in global and cross-border payments. Payments giant Visa Inc (NYSE: V) will rely on multiple blockchains in the future. This is according to a blog post by the company’s Head of Crypto Cuy Sheffield dated September 6. In the post,

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Ripple joins forces with BIS in cross-border payments initiative

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The Bank for International Settlements (BIS) has introduced a cross-border payments interoperability and extension (PIE) task force, with Ripple, the blockchain-based digital payment network, being one of its notable participants. XRP, a cryptocurrency used by Ripple

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Ripple joins BIS cross-border payments task force

The Bank for International Settlements (BIS) has recently announced a cross-border payments interoperability and extension (PIE) task force which includes the blockchain-based digital payment network, Ripple. On Aug. 9, BIS announced the members of the PIE task force that will work to “enhance cross-border payments and meet the quantitative targets for

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Wholesale CBDC Would Improve Cross-Border Payments, Banque de France Tests Show

"Through these experiments, the Banque de France shows the operational feasibility and practical implementation of the three models it has conceptualized for issuing wCBDC directly on DLT [distributed ledger technology]," the central bank said, adding that different types of DLT were used to test applications in asset tokenization and the

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Six Clovers rolls out Versal Network for cross-border payments

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Fintech firm Six Clovers has introduced the Versal Network, a platform built on the Sui blockchain, to enhance the speed, security, and cost-effectiveness of cross-border payments. With a move towards modernizing cross-border payments, fintech newcomer Six Clovers

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Developer Six Clovers Rolls Out Cross-Border Crypto Payments on Sui With Its Versal Network

"Our vision of unlocking the power of on-chain digital assets for the next billion users is being made possible on Sui," said Jim Nguyen, co-founder and CEO of San Francisco-based Six Clovers. "The way to do this is to close the gap between established e-commerce and Web3 commerce, by abstracting

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SAP partners with Circle to explore cross-border payment systems

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied SAP, the German software company, has embarked on cross-border payment testing by utilizing Circle’s USDC stablecoin, aiming to address the complexities associated with international money transfers. The company’s experimentation with the widely recognized stablecoin was disclosed in

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