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cross-border payments News
Top cross-border payments Stories
Latest cross-border payments News
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Elvira Nabiullina, Governor of the Central Bank of Russia, reaffirmed the institution’s position against the use of cryptocurrencies for domestic payments. Speaking at a recent press conference, Nabiullina stated, “We continue to believe that cryptocurrencies should not be used as…
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Felix, a WhatsApp-based platform focused on cross-border payments, has teamed up with Zero Hash to simplify remittances for 60 million U.S.-based Latinos. According to a press release seen by crypto.news, the partnership enables users to send funds instantly via WhatsApp,…
USDC
USDC
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The Bank for International Settlements is mulling ending a cross-border payments platform eyed by the Russian president as a tool to bypass U.S. sanctions. The Bank for International Settlements is reportedly debating the future of its mBridge cross-border payments project…
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Ripple has announced that its payments solution is now available in Brazil, which follows digital asset infrastructure provider’s partnership with crypto exchange Mercado Bitcoin. According to a Ripple announcement on Oct. 3, Mercado Bitcoin will be the first platform to…
XRP
XRP
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Grayscale Investments has launched the Grayscale XRP Trust, offering accredited investors exposure to XRP, the token used on the XRP Ledger. The Trust is available for daily subscription to qualified investors and operates similarly to Grayscale’s other single-asset investment trusts,…
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According to a Binance report, blockchain technology is set to transform the global payments landscape by addressing inefficiencies in traditional financial systems. The Binance research report highlights that while current payment methods, such as Visa and Mastercard, offer the convenience…
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Flexa has launched Flexa Components, a new suite of mobile tools designed to streamline digital payments within wallet applications. The toolkit is designed to address the long-standing fragmentation in the digital payments industry, where disparate systems and high transaction fees…
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Russia is betting big on crypto, aiming to legalize cross-border transactions in digital currencies by the second half of 2024. In a statement to the Russian newspaper Izvestia, Anatoly Aksakov, the head of the State Duma’s Financial Market Committee, supported…
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In a Dec. 6 post on Telegram, the Russian digital settlement platform Exved shares the announcement of its cross-border payment system, which is set to offer a solution for local legal entities engaged in international trade to use cryptocurrencies.
USDT
Tether
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The Committee on Payment and Market Infrastructures has highlighted both the potential and the substantial challenges of adopting stablecoins in global cross-border payments, underscoring their current non-compliance with international regulations.
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Lightspark’s recent endorsement of the Universal Money Address standard marks a pivotal development in the realm of global digital payments, inviting a thorough exploration of its potential benefits, challenges, and implications in the rapidly evolving financial technology landscape.
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Australian Commonwealth Bank is transitioning cross-border payments to the ISO 20022 Standard, a standard already met by Ripple. CommBank to begin using XRP standard Following Ripple, Australia’s largest financial conglomerate, CommBank, also called the CBA, has announced today, November 17,…
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Poly Network has announced that it will integrate open-source, public, and decentralized Layer-1 blockchain, XRP Ledger into its protocol to facilitate cross-chain transactions and cross border payments. Building a Multi-Chain Ecosystem Poly Network, a cross-chain interoperability protocol, will integrate with…
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The Bank of Russia, the nation’s central bank, and the Russian Ministry of Finance are seriously considering a reversal of their stance on the use of crypto for cross-border payments given the unfavorable geopolitical climate at the moment, according to…
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The Bank of International Settlements (BIS) has released the blueprint of its instant cross-border payments solution dubbed Nexus. The BIS Innovation Hub says the Nexus solution will connect with Instant Payment Systems (IPSs) across nations to offer users superfast cross-border…
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The National Bank of Egypt (NBE), Egypt’s largest and oldest bank, has inked a partnership deal with blockchain-based company Ripple, to utilize the latter’s digital payment solution, RippleNet, in order to facilitate cross-border transactions. NBE Uses RippleNet for Cross-Border Payment…
