This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Separately, in other company news, Canadian FinTech Buckzy Payments announced its launch earlier this week, eyeing internationalpayments through what it has termed a “safe, secure and convenient ecosystem.”. The company said it facilitates internationalpayments, with funds reaching recipients in less than five minutes.
(The Paypers) Banco Santander , a large Spanish banking group, has teamed up with Ripple to debut distributedledgertechnology (DLT) for internationalpayments for its retail customers in Q1 2018.
The nation’s excitement over distributedledgertechnology (DLT) cannot be ignored. Singapore’s central bank also announced a new agreement with the central bank of the Philippines to explore how blockchain could facilitate internationalpayments between their markets.
Any complications cause major headaches, and internationalpayments are often more involved and costly than those made domestically. They frequently face delays and rack up fees as they pass through multiple FIs, and parties making these payments often wrestle with currency conversions and value fluctuations.
Even some of the largest proponents of blockchain agree that distributedledgertechnology (DLT) is still in its early days, and its impact on the financial services market probably won’t be fully understood for some time.
If 2017 was the year of blockchain experimentation, 2018 is the year that makes or breaks some of those projects, with a lucky few emerging from pilot tests and into the real world. Only a handful of working blockchain applications are live today. Earlier this year, the U.K.’s However, executives may not be convinced just yet.
The industry’s budget for blockchain jumped 67 percent last year, researchers found, with a tenth of financial services companies reporting that they spend more than $10 million on distributedledgertechnology (DLT). ” The job opening is for a Sales Coordinator, reports said.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content