Search Results for: Cross

Central Banks to Cross-Examine Libra’s Founders in Switzerland

The European Central Bank (ECB) officials and 25 global central banks will be meeting with Libra’s founders to assess the project.    Libra previously reaffirmed its stance where the long launch schedule was to welcome any engagement with regulators and politicians. ECB executive, Benoit Coeure recently warned that Libra has to clear a “very high” bar as EU finance ministers … Continue reading Central Banks to Cross-Examine Libra’s Founders in Switzerland

Deployment of Blockchain Across the Financial Ecosystem Still at Least Three Years Behind

September 16th marks the kickoff of the Gartner IT Symposium/Xpo 2019 in Cape Town, South Africa, with Blockchain being one of the technologies that this event plans to tackle, there is also a major interest in how this technology will be affecting certain industries in the coming years. With increasing interest in Blockchain, the firm is … Continue reading Deployment of Blockchain Across the Financial Ecosystem Still at Least Three Years Behind

Bitcoin Adoption Accelerating in NGO Sectors Across Australia, Europe, And North America

Bitcoin adoption is on the increase in several major continents of the world. A rising number of investors are now relying on digital assets to add diversity to their investment portfolios. The reason for this adoption is based on the desire of the investors to diversify their investments as well as belief in the transformative … Continue reading Bitcoin Adoption Accelerating in NGO Sectors Across Australia, Europe, And North America

China Looking into the Application of Blockchain and AI for Cross-Border Financing

China is researching the application of blockchain technology and artificial intelligence in cross-border financing, with a focus on risk management.   As reported by Reuters on Oct. 27, Lu Lei, the deputy head of the State Administration of Foreign Exchange (SAFE) in China, said that there are plans to use blockchain and AI for cross-border financing, after … Continue reading China Looking into the Application of Blockchain and AI for Cross-Border Financing

Chinese City Tests Blockchain-Powered Cross-Border Financial Platform

Nanning, a Southern Chinese City, located in Guangxi Region, has experimented with a blockchain-enabled cross-border financial platform. Notably, it joins several Chinese cities, such as Ningbo and Xiamen, seeking to revamp their economic systems using cross-border blockchain networks.  As reportedby the Global Times, Nanning’s blockchain service system seeks to refurbish the present trade financing procedure … Continue reading Chinese City Tests Blockchain-Powered Cross-Border Financial Platform

Blockchain-Powered Cross-Border B2B Transactions to Surpass $4.4 Trillion by 2024

According to Juniper Research, blockchain-enabled B2B cross-border payments will be totaling in value by more than $4.4 trillion by 2024. This will be a substantial rise from the current $171 billion. It is speculated that this uptrend will be instigated by the immutable storage provided by blockchain technology, as well as real-time settlement and clearing … Continue reading Blockchain-Powered Cross-Border B2B Transactions to Surpass $4.4 Trillion by 2024

Thailand’s Bank of Ayudhya Unveils Blockchain-Based Platform for Cross-Border Funds Transfers

In recent years, the emergence of distributed ledger technology (DLT) has spurred discussions regarding the future of financial market infrastructures supporting securities and payments settlements. Cross-border funds transfers involve multiple entities across various jurisdictions. Whereas the demand for cross-border payments is on the increase, they are frequently characterized as costly and slow when compared with … Continue reading Thailand’s Bank of Ayudhya Unveils Blockchain-Based Platform for Cross-Border Funds Transfers

Blockchain Application in Healthcare to Cross $500 Million by 2022

The healthcare industry is continuously going digital. As a result, blockchain offers much-needed transparency, auditability, trust, and security in healthcare data.  Frost & Sullivan, a world-renowned firm that offers insights on disruptive technologies and economic changes, on Nov. 25 published an analysis dubbed ‘Global Blockchain Technology Market in the Healthcare Industry, 2018-2022’ and it is … Continue reading Blockchain Application in Healthcare to Cross $500 Million by 2022

Red Cross to Help Disaster-Riddled Communities in Kenya via Blockchain

A notable challenge when supporting disaster-stricken communities entails overseeing the entire process and ensuring that everything transgresses as planned.  The Red Cross is eyeing blockchain-backed “local currencies” to help revitalize poor communities and establish a thriving economy on the foundation of smooth trades. As a result, the Red Cross societies of Kenya, Norway, Denmark, will … Continue reading Red Cross to Help Disaster-Riddled Communities in Kenya via Blockchain

Luxembourg: The FinTech Hub For Cross Border Asset Management

Luxembourg for Finance (LFF) is a public-private partnership that acts as the agency for the development of the financial center of the small nation. Christopher Hollifield is a Business Development Specialist for LFF and heads up investment from Chinese and African organizations. His work mainly involves advising fintech and financial companies looking to develop cross-border … Continue reading Luxembourg: The FinTech Hub For Cross Border Asset Management

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