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Category: Cross Border Payment
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UAE Based Money Transfer Firm Announces Partnership With Ripplenet
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New Payment System Seeking to Bolster Intra-African Trade Goes Live
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Kenya Central Bank Governor on CBDC: It’s About Getting It Right Rather Than Being First
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Kenyan Fintech Player: ‘Banking the Unbanked’ Is the Most Important Use Case for Digital Currencies in Africa
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New Bank of America Report Says Digital Currencies ‘Could Boost Economic Growth’ in Developing Countries
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IMF Cautions Central Banks May Have to Rethink What Constitutes Reserves
The IMF warns that central banks may have to rethink what constitutes their reserve currency holdings. In a recent study, the global lender points to the changing geopolitical landscape, technological advances and the impact of the Covid-19 pandemic as events likely to influence the composition of reserves. Advances in Financial Technologies In addition to the […]
The post IMF Cautions Central Banks May Have to Rethink What Constitutes Reserves appeared first on Bitcoin News.
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Thailand’s Largest Bank Snubs Ripple – Selects Stellar-based Blockchain for Cross Border Remittances
In an apparent snub to Ripple, Thailand’s oldest bank, Siam Commercial Bank (SCB) is set to open a new cross border remittances corridor in partnership with Lightnet, a fintech company that uses the Stellar blockchain. SCB says the partnership opens the door for more efficient cross border funds transfer from South Korea to Thailand. Before […]
The post Thailand’s Largest Bank Snubs Ripple – Selects Stellar-based Blockchain for Cross Border Remittances appeared first on Bitcoin News.
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Remitano Makes Cross-Border Money Transfer Much Easier With New “Cash-Out” Feature
PRESS RELEASE. To simplify banking and meet its users’ Remittance needs across the globe, Remitano, a global escrow-marketplace, has just launched a smart, free, and safe approach for cross-border money transfers. This system will allow users to send and receive money from other countries without incurring the high fees charged by most traditional banks. Remitano […]
The post Remitano Makes Cross-Border Money Transfer Much Easier With New “Cash-Out” Feature appeared first on Bitcoin News.
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FSB Report Says Stablecoins Promote Financial Inclusion: Urges Regulators to Tighten Laundering Controls
The Financial Stability Board (FSB) says stablecoins have the potential to enhance the efficiency of the provision of financial services. The body adds that the hybrid cryptocurrencies have the potential to bring efficiencies to payments (including cross-border payments) as well as to promote financial inclusion. Yet despite this acknowledgment, the FSB still argues against the […]
The post FSB Report Says Stablecoins Promote Financial Inclusion: Urges Regulators to Tighten Laundering Controls appeared first on Bitcoin News.
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