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Central Bank of China Starts Trials to Restrict Large Cash Transactions

The People's Bank of China (PBOC) announced that it will pilot a restriction on large-scale cash transactions in three different regions across the country, with one expert calling the move paving the way for its upcoming digital Renminbi token (RMB).On Nov. 14, local news outlet Xinhuanet reported that the

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US Banking Giant PNC Starts Using RippleNet for Cross-Border Payments

PNC — the United States’ eighth-largest bank, with almost $400 billion in assets — has become the country’s first to start using the RippleNet blockchain network for cross-border payments.Fintech Futures reported on Aug. 29 that PNC Treasury Management is now offering RippleNet-based cross-border payments solutions to its commercial clients,

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