Fintech News

MAY 21, 2024

As the financial landscape undergoes a digital revolution, institutional investors are increasingly turning their attention to digital assets such as cryptocurrencies and Central Bank Digital Currencies (CBDCs). Institutional investors focus on digital assets.

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PYMNTS

OCTOBER 20, 2017

20), Mastercard announced news that it will be opening up access to its blockchain technology through its developer’s API. Mastercard is not the only firm delving into blockchain. The Mastercard technology ensures that payment details are shared only between transaction participants, said the company. On Friday (Oct.

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CB Insights

NOVEMBER 19, 2020

As blockchain tech gains commercial traction, a growing number of companies want to use it to reimagine the capital markets infrastructure that powers the trade of stocks, bonds, and other securities. The chart above shows the core blockchain tech being used by projects and corporates working on DLT applications for capital markets.

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Finovate

JUNE 3, 2024

PayPal’s stablecoin, PayPal USD (PYUSD), was officially added to the Solana Blockchain last week. This shift comes after the California-based company launched on Ethereum blockchain last summer. Offering multiple blockchain allows users to choose different options based on their preferred cost and transaction speed.

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Fintech News

NOVEMBER 12, 2024

Developed in collaboration with Siam Commercial Bank ( SCB ), InnovestX, Fireblocks, Elliptic, Circle, and Base, the wallet offers a streamlined alternative to traditional currency exchange methods. Utilising the Base blockchain allows for low-cost transactions. Users can make instant mobile payments via a closed-loop QR code system.

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PYMNTS

JULY 1, 2019

Traditional banking options are not up to par in today’s digital world, and FIs and FinTechs need to be ready to support their clients with quick, transparent payment methods and easy currency conversions if they want to remain competitive. Canadian payments network Interac has experimented with blockchain for consumer payments.

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Fintech News

MAY 27, 2024

Central bank digital currencies (CBDCs) have largely existed in the virtual realm, with transactions initiated primarily through web and mobile interfaces. It was a contactless payment on POS using a card issued by Eurasian Bank JSC on the Way4 digital payments software system. The country stands out in this regard.

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Fintech News

MAY 8, 2024

The conference drew over 3,000 participants from 87 countries, including 24 nations across the Asia Pacific region. Key topics addressed at Money20/20 Asia included AI, cross-border payments, open banking, digital assets, and Central Bank Digital Currencies (CBDCs).

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Fintech News

MAY 8, 2024

As digital technologies continue to transform the financial landscape, central banks worldwide are exploring the potential of Central Bank Digital Currencies (CBDCs). The project evolved, incorporating enhanced functionalities, cross-border fund transfers, and a Corporate CBDC Pilot Program.

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The Fintech Times

AUGUST 28, 2024

Looking to harness this potential, the Hong Kong Monetary Authority (HKMA) launched ‘Project Ensemble’ in March earlier this year, a wholesale central bank digital currency (wCBDC) project, to support the development of the tokenisation market in the region.

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Fintech News

JUNE 19, 2024

Be it central bank digital currencies (CBDCs), a tokenised digital Singapore Dollar, or various initiatives backed by governmental regulators, stablecoins are one of the more pivotal developments in the world of cryptocurrencies and blockchain technology. It has already arrived.”

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The Fintech Times

NOVEMBER 8, 2024

Global asset manager and Swiss bank UBS has developed and successfully piloted a blockchain-based payment solution, aiming to increase efficiency and transparency, as well as enable the programmability of money movements for corporate and institutional clients. UBS plans to further expand and develop its UBS Digital Cash offering.

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PYMNTS

SEPTEMBER 14, 2017

Love or hate blockchain, there’s no denying that digital currencies have grown in popularity, and there is certainly a market for cryptocurrency acceptance at physical retail points of sale (POS). That’s why Camelgram’s POS terminal reads and changes the distributed ledger directly when customers pay with a digital currency.

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PYMNTS

DECEMBER 4, 2018

KuCoin , a digital currency exchange based in Singapore, has rolled out support for the trading of the Ripple XRP cryptocurrency, Cryptovest reported. The exchange will reportedly open withdrawals for the digital currency on Wednesday (Dec.

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Fintech Review

JULY 10, 2024

These platforms leverage blockchain technology to create open, accessible, and secure financial systems that operate without the need for intermediaries like banks. For example, in Sub-Saharan Africa, platforms like Acala Network and Terra are providing stablecoin solutions that offer much-needed stability amidst volatile local currencies.

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PYMNTS

MARCH 10, 2020

To allow users to borrow against their holdings, digital currency wallet and exchange company Blockchain.com unveiled a “Borrow” Service. dollars against bitcoin holdings kept in the Blockchain Wallet, Coindesk reported. The offering occurs following Blockchain’s opening of an institutional lending desk last summer.

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The Fintech Times

FEBRUARY 16, 2024

Blockchain and cryptocurrency have massive potential to help vulnerable and underrepresented communities. Evidence of this can be seen with the launch of Paystand.org, the corporate social responsibility (CSR) arm of Paystand , the blockchain-enabled commercial payments platform.

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PYMNTS

OCTOBER 1, 2018

In the age of blockchain, all manner of physical assets are making the leap to bits and bytes. Blockchain can track transactions of all sorts and create a connected record — and that blockchain is rapidly cleaving from the cryptocurrency clamor to which it was once inextricably linked. How It Works. percent pure.

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Fintech News

DECEMBER 11, 2023

SC Ventures, the innovation, fintech investment, and ventures arm of Standard Chartered, and Giesecke+Devrient (G+D) successfully completed a proof-of-concept (PoC) on the Universal Digital Payments Network (UDPN). The participants noted significant improvements in the efficiency, cost, speed, and transparency of cross-border transactions.

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The Fintech Times

JUNE 6, 2024

This project aims to create a multi-central bank digital currency (CBDC) platform for instant cross-border payments and settlements, leveraging distributed ledger technology (DLT). The platform now invites further international participation and private sector proposals for value-added solutions.

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Participant Distributed Ledger Technology (DLT) Cross-Border Payments Cross-Border 45

CB Insights

OCTOBER 13, 2021

This round drew participation from SoftBank Group, AlbionVC, Digital Currency Group, and Evolution Equity Partners, among others. The post Elliptic Raises $60M To Enhance Its Blockchain Analytics And Enterprise-Grade Compliance And Transaction Monitoring Tools appeared first on CB Insights Research. Want the full post?

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PYMNTS

JUNE 9, 2017

Blockchain could have an impact on the economy — is Russia leading the way with its current investments? When executives in the finance industry think of blockchain technology, its perception has shifted in the past few years in terms of how it could shape financial services — and therefore the economy — as a residual impact.

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Fintech News

NOVEMBER 3, 2024

To speed up progress, MAS is now pushing for participants to commercialise their findings, fostering a connected network for trading tokenised assets. Access to a common settlement facility is also being facilitated through the SGD Testnet, featuring S$ wholesale central bank digital currency (CBDC) for market testing.

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PYMNTS

SEPTEMBER 15, 2020

The complaint claims that the defendants dishonestly claimed to actual and possible clients that their company had “master traders” with a long history of trading digital currency and harnessed “cutting edge trading robots” to trade bitcoin at all hours of the day for clients. Securities and Exchange Commission (SEC) filing.

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Fintech News

OCTOBER 6, 2024

Banks in North America, Europe, and Asia will participate, using Swift ’s platform to conduct transactions involving both digital assets and traditional currencies. This builds on prior experiments where Swift successfully connected public and private blockchains and linked CBDCs on a global scale.

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PYMNTS

MARCH 19, 2020

Thai FinTech firm DeeMoney is teaming with enterprise blockchain solution Ripple to facilitate quicker and less expensive cross-border money transfers, according to an announcement. DeeMoney is using RippleNet to process inbound payments coming into Thailand as of now, and it is the first non-bank institution in the country to use RippleNet.

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PYMNTS

NOVEMBER 25, 2020

The age of digital currencies might be fully upon us, but key questions swirl about how to issue and regulate cryptos – especially stablecoins. Regulators and lawmakers, however, can latch onto digital currency efforts as they must monitor and also supervise such stablecoins. In a paper that debuted Tuesday (Nov.

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PYMNTS

AUGUST 24, 2020

Huawei has created a technology based on the blockchain to help the Beijing government more effectively monitor and supervise citizen information, CoinDesk reported. Moreover, the cloud services arm of Huawei has fueled the project with blockchain innovations like distributed ledgers.

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PYMNTS

DECEMBER 3, 2020

In this week's look at payment rails innovation, Visa embraces blockchain and digital currency to facilitate corporate and small business payments, while CardUp supports commercial card payments by mixing payment rails for easier supplier acceptance. Visa To Use Card Rails For Digital Currency B2B Payments.

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PYMNTS

SEPTEMBER 17, 2020

Dapper Labs will be partnering with peer-to-peer firm Circle to help add payment methods for digital collectibles using credit and debit card payments to settle in the stablecoin USD Coin (USDC), according to a blog post from Circle. Up to now, paying for digital collectibles on blockchain relied on cryptocurrency payments.

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PYMNTS

FEBRUARY 6, 2019

The Digital Isle of Man is making a blockchain push with the rollout of an Isle of Man Blockchain Sandbox and the creation of a blockchain office, according to reports. The blockchain office will provide marketing support and foster collaboration in the field (as well as communication between companies and regulators).

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The Fintech Times

MAY 21, 2024

In recent years, digital currencies have been all the rave. However, the idea that digital assets are exclusively some form of currency is slowly falling by the wayside as different use cases are emerging and being rapidly adopted.

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PYMNTS

DECEMBER 22, 2020

The experiments aim to examine a digital euro’s technical feasibility as well as its “programmability” as a coin separate from a central bank digital currency, (CBDC) according to CoinDesk. Any bank can participate in the digital currency initiative, Ledger Insights reported.

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PYMNTS

OCTOBER 15, 2020

The stage may even be set for the emergence of digital currencies, and as Circle’s Allaire said digital dollars (with 500 percent growth through the past several months), among others, have “really started to become not just a technical reality, but a legal and regulatory reality as well.”. There need to be governance models.

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Fintech News

OCTOBER 23, 2024

Australia has unveiled a three-year initiative to explore the potential of central bank digital currencies (CBDCs) with a focus on wholesale CBDC opportunities, industry outreach and regulatory improvements, Brad Jones, Assistant Governor (Financial System) at the Reserve Bank of Australia (RBA), told the audience at an industry event in September.

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PYMNTS

DECEMBER 17, 2019

Accenture , a professional services firm, and TradeIX, a blockchain startup in global trade finance, have teamed up to become an onboarding partner for the Marco Polo Network , according to reports. Sweden’s central bank recently asked Accenture to help with the development of its e-krona pilot for digital currency, earlier this month.

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Distributed Ledger Technology (DLT) Blockchain Finance Cross-Border Payments 53

Payments Source

SEPTEMBER 1, 2016

Blockchain has become popular for some startups selling low-friction cross-border transactions, and Visa is looking for banks to participate in a pilot program to assess potential opportunity in the technology.

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