Fintech Finance

SEPTEMBER 2, 2024

Payment companies across Africa face significant challenges in establishing cross-border payment services, where maintaining pre-funded accounts in multiple countries often poses an obstacle due to limited capital, stifling innovation and creating a liquidity gap.

Cross-Border Payments 96

Cross-Border Payments Cross-Border Cross-Border Settlement Financial Inclusion 96

PYMNTS

JUNE 3, 2019

The crypto token they are developing will be called the utility settlement coin, or USC. million) in the company tasked with developing the coin and the settlement system, Fnality International. UBS and its cohorts are not alone in pursuing blockchain-based solutions to the problem of cross-border settlement.

Settlement 53

Settlement Blockchain Cross-Border Cross-Border Settlement 53

PYMNTS

MAY 22, 2020

The OMFIF seeks to create connections between the traditional banking and cryptocurrency spaces. The group, which has been releasing detailed central bank digital currencies (CBDC) and cryptocurrency reports as of 2018, is geared toward CBDCs and retail and wholesale payments. .

Digital Currency 64

Digital Currency Cross-Border Settlement Bitcoin Central Bank 64

The Fintech Times

SEPTEMBER 2, 2024

The partnership comes as payment companies across Africa continue to face significant challenges in establishing cross-border payment services, where maintaining pre-funded accounts in multiple countries often poses an obstacle due to limited capital, stifling innovation and creating a liquidity gap.

Cross-Border Payments 59

Cross-Border Payments Cross-Border Cross-Border Settlement Consumer 59

PYMNTS

MAY 22, 2020

The OMFIF seeks to create connections between the traditional banking and cryptocurrency spaces. The group, which has been releasing detailed central bank digital currencies (CBDC) and cryptocurrency reports as of 2018, is geared toward CBDCs and retail and wholesale payments. .

Digital Currency 56

Digital Currency Cross-Border Settlement Bitcoin Central Bank 56

PYMNTS

AUGUST 2, 2019

In reference to the Ripple partnership announced in June, Holmes said the two companies had begun facilitating cross-border transactions through a commercial agreement, in which MoneyGram is utilizing Ripple’s xRapid blockchain product, as well as XRP, Ripple’s cryptocurrency.

Transactions 78

Transactions Cross-Border Settlement Cross-Border Returns 78

PYMNTS

NOVEMBER 26, 2019

MoneyGram said it’s going to use the capital to develop and expand the On-Demand Liquidity payment system, which uses XRP cryptocurrency. Ripple made the initial payment of $30 million earlier in the year, and it also signed a commercial agreement with the payments company for “cross-border settlement using digital assets.”

Cross-Border Settlement 57

Cross-Border Settlement Cross-Border Cross-Border Payments On-Demand 57