Tag: cross-border billing

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BIS joint pilot: Institutions can use CBDCs for international settlements

March 22, 2022

The experimental CBDC platform proved that the design approaches used to address three major issues: access, jurisdictional boundaries, and governance were effective. Bank of International Settlement (BIS) Innovation Hub has completed an experimental central bank digital currency (CBDC) platform pilot for international settlement with the central banks of Australia, Malaysia, Singapore and South Africa. The multi-national…
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EU Commission to remove Russian banks from SWIFT cross-border network

February 27, 2022

While condemning the Russian president Vladimir Putin’s move to lay siege across Ukraine, the EU Commission committed to undertake a series of measures to isolate Russia from the international financial system. The European Commission announced to remove a number of Russian banks from the Society for Worldwide Interbank Financial Telecommunication (SWIFT) messaging system, aimed at…
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Enterprise blockchain solutions rally as businesses get hip to crypto

April 13, 2021

XRP, Stellar and XinFin see tremendous growth as enterprise solutions that offer cross-border solutions and serve the unbanked gain traction. The mainstream adoption of blockchain technology continues to pick up steam as stories like Microstrategy using Bitcoin (BTC) to pay bonuses for its board of directors and Topps announcing plans to release nonfungible token collectible trading…
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XRP price surges 55% to a 3-year high amid push for financial inclusivity

April 5, 2021

A new cross-border payments acquisition and a renewed push to increase global financial inclusivity triggered a 55% rally in XRP price. The price of XRP saw a 55% breakout over the past two days as the sixth-ranked cryptocurrency by market capitalization has renewed its focus on the creation of a cross-border payment network that is inclusive and…
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