Remove Cross-Border Payments Remove Distributed Ledger Technology (DLT) Remove Participant
article thumbnail

SC Ventures and G+D Complete Pilot on Different Types of CBDC Systems

Fintech News

The aim of this PoC was to show how commercial banks could integrate two different types of CBDC systems into their existing banking infrastructure and perform end-to-end multilateral cross-currency transfers via the UDPN. The indirect model featured an on-chain DLT-based solution developed by UDPN engineers.

CBDC 111
article thumbnail

Project mBridge Reaches MVP Stage, Expands International Participation

The Fintech Times

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.

article thumbnail

Visa’s B2B Payments Tech Tested In Thailand

PYMNTS

. “Building on the enterprise blockchain technology, Visa B2B Connect is a new transaction platform designed for the exchange of high-value international payments between participating banks on behalf of their corporate clients. “We think we can accelerate that as an integrated solution.” ”

article thumbnail

Trade Finance Poised for Digital Revolution Though Obstacles Remain

Fintech News

The paper discusses the contrasting trajectories of digital payments and digital trade finance, noting that cross-border payments have achieved rapid digitalization and benefited from a horizontal solution like Swift GPI.

Finance 122
article thumbnail

B2B Cross-Border Payments Are Speeding Up

PYMNTS

Cross-border payments still present challenges , but the landscape is changing rapidly. . Swift recently announced that its gpi service can integrate with domestic real-time systems to facilitate rapid cross-border transactions. Traditionally, most cross-border payments are made through Swift.

article thumbnail

Deep Dive: Emerging Response To B2B, P2P Cross-Border Payments Pain

PYMNTS

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. International B2B Payments Pains. Global financial companies like Circle provide zero-fee remittances via DLT, and Ripple began piloting xRapid for U.S.

article thumbnail

Is ‘Embedded Regulation’ The Key To Stablecoins’ Success?

PYMNTS

“Today, authorities around the world are grappling with the rise of digital currencies and decentralized finance based on both emerging technologies — particularly various combinations of distributed ledger technology (DLT) and blockchain and advances in traditional centralized systems underpinning finance,” according to the report.