cross border-payments

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Landmark International CBDC Test Deemed Success, BIS Says
Over $22 million in foreign exchange was aided via the pilot involving China, Thailand and Hong Kong, the Bank for international Settlements said
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New Global CBDC Platform Could Cut Payment Costs, IMF Says
The International Monetary Fund remains skeptical about a private system, but is pushing for new ideas on state-backed digital currencies.
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Bitcoin, Stablecoins the Worst Options for Cross-Border Payments, ECB Study Says
A senior central banker said state-backed digital currencies would be quicker and cheaper.
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Regulate Ledgers and Not Individual Crypto Providers, BIS Study Says
To make cross-border payments easier, you need to change your whole way of thinking, the authors of the BIS study found.
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Why Russian Sanctions Could Push Corporations Towards Crypto
The sudden disconnection of Russia from the global financial system is a moment for reflection. But economic fragmentation has a cost.
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NY Fed Launches Fintech Research Wing With BIS Help
The NYIC will be led by PwC alum Per von Zelowitz, who joined the New York Fed in July.
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Mexican Crypto Exchange Bitso Incorporates Circle Solutions for Cross-Border Payments Initiative
The Bitso Shift initiative will allow Mexican businesses to make cross-border transactions more securely and easily.
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Facebook’s Novi, Strike’s Bitcoin App Spell Trouble for Western Union, Analyst Says
BTIG analyst Mark Palmer says traditional money-transfer firms are likely to face increased pressure from crypto projects.
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Australia, Malaysia, Singapore, South Africa to Trial CBDCs for Cross-Border Payments
The four central banks are working on a joint project that will develop and test shared platforms for international settlements with multiple CBDCs.
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SWIFT Go Launches Low-Cost Network With 7 Major Banks
The service might be seen as a possible threat to the real-time payments network offered by Ripple.
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