Search Results for: Cross

Cardano’s Shelley Hard Fork Has Crossed the Threshold of No Return, Plans for Goguen in October

Cardano’s Shelley hard fork has crossed the threshold of no return, where the system will automatically upgrade at the end of the current epoch, on July 29. IOHK CEO Charles Hoskinson announced in a live stream on YouTube: “The hard fork is a go, and we’re marching towards it. The Shelley era will begin on … Continue reading Cardano’s Shelley Hard Fork Has Crossed the Threshold of No Return, Plans for Goguen in October

Facebook Launches Fintech Product Group F2 to Run Payments Across All its Apps

Facebook has expanded its fintech horizons and announced the launch of a new product group dedicated to payments purposes.  Introducing Facebook Financial The new group, called Facebook Financial, or F2 by the internal team behind it, will direct all Facebook payments projects and regroup all of the platform’s ventures under one umbrella. The fintech project includes Facebook Pay, which is … Continue reading Facebook Launches Fintech Product Group F2 to Run Payments Across All its Apps

Ant Group Launches Blockchain-Powered System to Help SMEs in Cross-Border Trade

Ant Group, China’s Alipay owner, has established a blockchain-enabled smart contract platform dubbed Trusple to assist small and medium enterprises (SMEs) in carrying out cross-border trade seamlessly. The blockchain system is touted to be a stepping stone towards assisting SMEs and banks hasten and secure the settlement and processing of orders. Securing cross-border trade Trusple … Continue reading Ant Group Launches Blockchain-Powered System to Help SMEs in Cross-Border Trade

Ex-Chief Executive of the HKMA Establishes Digital Wallet Firm to Solve Issues in Cross-Border Trade Finance

The former Chief Executive of the Hong Kong de facto central bank, the Hong Kong Monetary Authority (HKMA) has established a new digital wallet company, RD Wallet Technologies Limited. The previous name of the company was Round Dollar Technologies Limited, according to this official listing. The former Chief Executive of the HKMA, Norman Chan is … Continue reading Ex-Chief Executive of the HKMA Establishes Digital Wallet Firm to Solve Issues in Cross-Border Trade Finance

Bahamas Looks to Deploy its CBDC The Sand Dollar Across Borders

The Central Bank of the Bahamas (CBOB) has revealed an ambitious use case for its Central Bank Digital Currency (CBDC) ahead of the national roll-out on October 20. The CBDC has been dubbed the Sand Dollar. Sand Dollar To Find Relevance Across Borders Speaking at an organized virtual presentation by the Bahamas Chamber of Commerce … Continue reading Bahamas Looks to Deploy its CBDC The Sand Dollar Across Borders

Ripple: 99% of Respondents Would Consider Using Digital Assets to Process Cross-Border Payments

Ripple’s third annual Blockchain in Payments report identified that blockchain adoption is key to successful growth strategies for financial institutions. Ripple concluded that the majority of its respondents, 59 percent, are adopting blockchain for production use. Ripple put forward a survey report, analyzing data from 854 participants across 22 countries involved with payment services at … Continue reading Ripple: 99% of Respondents Would Consider Using Digital Assets to Process Cross-Border Payments

Leading Vietnamese Bank Joins RippleNet to Boost Cross-Border Remittances

Orient Commercial Joint Stock Bank (OCB), a major Vietnamese bank with assets worth $4.6 billion, has joined RippleNet as a strategic partner after a 10-month wait. OCB will leverage Ripple’s blockchain technology to enhance cross-border payments. Deploying Ripple’s blockchain technology As revealed by Phong Nguyen, OCB’s head of fintech and digital banking, the partnership will … Continue reading Leading Vietnamese Bank Joins RippleNet to Boost Cross-Border Remittances

Stellar CEO Denelle Dixon Joins IMF Panel on Cross-Border Payments

Stellar CEO Denelle Dixon is slated to take part in the International Monetary Fund’s (IMF) annual meeting later today, to discuss the private-sector’s role in addressing the limitations of cross-border payments. Stellar is an open-source network for currencies and payments and purportedly makes it possible to create, send and trade digital representations of all forms … Continue reading Stellar CEO Denelle Dixon Joins IMF Panel on Cross-Border Payments

J.P. Morgan Creates Onyx Blockchain Unit As JPM Coin Leveraged for Cross-Border Payments

JPMorgan Chase, the largest bank in the United States, has finally found its digital currency, the JPM Coin being leveraged for commercial purposes. The major US bank has created a new business unit dubbed Onyx to house its digital currency and blockchain efforts. Commercialization of blockchain technology According to Takis Georgakopoulos, the bank’s global head of … Continue reading J.P. Morgan Creates Onyx Blockchain Unit As JPM Coin Leveraged for Cross-Border Payments

How Ripple-Backed Bitso Plans to Expand Cross-Border Crypto Remittance Services in Latin America

Ripple-backed cryptocurrency exchange Bitso has announced that it will expand its cross-border crypto remittance services in Latin America through a $62 million investment round. The investment round will be led by venture capital companies Kaszek Ventures and QED Investors. Bitso, the first cryptocurrency exchange to be established in Mexico, has also disclosed that with its … Continue reading How Ripple-Backed Bitso Plans to Expand Cross-Border Crypto Remittance Services in Latin America

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