Ripple joins BIS cross-border payments task force
The task force is a part of the Bank of International Settlements' Committee on Payments and Market Infrastructure.
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BIS releases unified ledger proposal for cross-border, tokenized asset transactions
Like the IMF’s single ledger proposal released a day earlier, BIS' unified ledger uses familiar concepts, such as tokenization, without the blockchain.
IMF envisions ‘new class’ of cross-border payment platform with single ledger
The XC platform could operate domestically using tokenized assets, including deposits, with or without CBDCs.
NY Fed and MAS publish joint CBDC cross-border payment project results
The researchers built on their separate projects to demonstrate cross-border payments using illiquid currencies with an intermediate “vehicle” currency.
Bank of Russia to set up entities for crypto mining and cross-border settlement: Report
Russia's central bank plans to create new institutions to mine crypto assets and settle international payments.
CBDCs could provide smooth cross-border payments: Tel Aviv FinTech Week
Yoav Soffer, the advisor to the deputy governor and CBDC project manager, spoke at Tel Aviv FinTech Week, explaining how a recent CBDC experiment proved efficient in cross-border transactions.
National Australia Bank made first-ever cross-border stablecoin transaction
The “big four” Australian bank is the second to issue a stablecoin and hopes to support transactions by corporate clients by the end of the year.
PayPal Xoom adds cross-border remittance on debit card deposit
PayPal’s cross-border remittance service called Xoom partnered with Visa Direct to allow debit card holders to receive funds within minutes.
DMI finds CBDCs not targeting cross-border payments, huge potential in Metaverse
The Digital Money Institute’s third annual payments report looks at CBDCs for the first time, as well as other payment methods, through the lens of cross-border payment utility.
Strike partners with Bitnob to facilitate cross-border payments into Africa
On stage at AfroBitcoin, Strike CEO Jack Mallers announced plans to improve remittance payments into Africa thanks to the Lightning Network on Bitcoin.