article thumbnail

Ripple and Axelar Foundation Set a New Standard for Blockchain Interoperability on XRPL

The Fintech Times

Ensuring this is possible on the XRP Ledger (XRPL), Ripple , the crypto solutions provider, has partnered with Axelar Foundation , the nonprofit decentralised interoperability network. The partnership with Axelar Foundation propels interoperability into the broader blockchain realm.

article thumbnail

Web3 Foundation and Scytale Lead $2.5 Million Seed Investment in Hyperbridge to Build the End-Game for Blockchain Interoperability on Polkadot

Fintech Review

The Web3 Foundation , in partnership with Scytale Digital , has led the seed funding round for Hyperbridge , a groundbreaking protocol poised to transform blockchain interoperability. Unlike existing point-to-point bridge models, Hyperbridge introduces a hub model that scales verifiable interoperability across all chains.

article thumbnail

TerraPay Forms Council With Leading Digital Wallets to Accelerate Cross-Border Payments Interoperability

Fintech Finance

TerraPay , a global money movement company, announced a collaboration with 5 of the leading wallet operators to establish the “Wallet Interoperability Council”, aiming to leverage TerraPay’s technology to facilitate interconnection and interoperability in cross-border transactions.

article thumbnail

What is Cross-Chain Interoperability?

CoinRemitter

To address this, cross-chain interoperability protocol acts as a blockchain bridge, allowing different networks to connect, share resources, and transfer value. This blog will understand cross-chain interoperability in detail. Cross-Chain Interoperability Blockchain interoperability means that blockchains can freely share data.

article thumbnail

Thunes and Visa survey reveals conflicted attitudes on European payment interoperability

Finextra

A new survey of payment leaders by Thunes, a global money movement innovator, and Visa, a world leader in digital payments, reveals conflicted attitudes among Europeans on cross-border payment interoperability, highlighting the challenges firms face in integrating across multiple markets and systems.

article thumbnail

Open Banking: Unlocking Innovation and Consumer Empowerment

Fintech Review

Open banking is transforming the financial landscape by fostering innovation , competition, and improved customer experiences. By accessing banking data, fintech companies can offer innovative products that improve customer choice and service quality. In Europe, the PSD2 directive has spurred significant innovation.

article thumbnail

For AML, Three ‘I’s: Innovation, Interoperability … And Identity

PYMNTS

With a lot of technology and technical innovation,” said Cohen, “people are always looking at it from a particular point of view, and that lens and those glasses – rose-colored or otherwise – are coming from a very specific individual with priorities and use cases in mind.”. Toward an Interoperable ID System.