cross-border payments | Jack Of All Techs

Thu. Apr 18th, 2024

A BRICS common currency will be challenging to initiate and maintain, though efforts to dethrone the US dollar could have an impact on Bitcoin, says investment strategist Lyn Alden.

cross-border payments Financial Institutions Ripple US Faster Payments Council

Blockchain could save financial institutions $10B by 2030: Ripple

July 29, 2023 Jimmy Rivera

Among the 300 payment leaders surveyed across 45 countries, 97% believe that blockchain will play a crucial role in faster payment systems within the next three years.

Bank of China Hong Kong cross-border payments Digital Yuan e-CNY Monetary Authority Singapore south china morning post yi gang

China’s digital yuan nears $250B transaction volume: Central bank governor

July 20, 2023 Jimmy Rivera

While the adoption and use cases of China’s e-CNY are expanding, the digital yuan still only represents 0.16% of China’s monetary supply.

Alexey Moiseev cross-border payments Crypto crypto payments Cryptocurrencies cryptocurrency deputy minister Finance Financial Ministry international settlements Moiseev Payments regulation Regulations restrictions Russia russian Sanctions Settlements

‘Evil Crypto’ Can Be Used in Foreign Trade, Russia’s Deputy Finance Minister Says

May 1, 2023 Jimmy Rivera

Cryptocurrency may be bad for investors but it can be useful in international settlements, according to a top government official in Moscow. Russian authorities intend to set up a special…

brics China cross-border payments currencies Currency Dollar Finance Grigory Logvinov india international settlements Logvinov national currencies Russia SCO Settlements Shanghai Shanghai Cooperation Organization US US Dollar

World’s Largest Regional Organization to Switch to Settlements in National Currencies

April 28, 2023 Jimmy Rivera

A China-led regional organization that covers more than half of Eurasia intends to transition to settlements in the currencies of its members. While the plan is to abandon the U.S.…

China Chinese Yuan cross-border payments Economics Nouriel Roubini Ray Dalio Russia Swift U.S. dollar

Chinese Yuan Overtakes US Dollar as Most Used Currency to Settle Cross-Border Payments in China

April 27, 2023 Jimmy Rivera

The Chinese yuan is now China’s most used currency for cross-border settlements. According to official data from the State Administration of Foreign Exchange, the Chinese yuan rose to be the…

conflict Corporation cross-border payments Crypto Cryptocurrencies cryptocurrency Digital Assets Digital Currency digital ruble international settlements News Payments restrictions Rostec Russia russian Sanctions Settlements Stablecoins tests trials Ukraine War

Russia’s Tech Giant Rostec to Test Digital Asset Payments in International Trade

September 12, 2022 Dianne Pajo

Russia’s leading technology company, Rostec, is working on a project to integrate digital assets into cross-border trade. The state-owned corporation says the market is interested in cryptocurrency payments which can…

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Gold-backed BRICS currency will be ‘very hard’ to deliver: Lyn Alden

Blockchain could save financial institutions $10B by 2030: Ripple

China’s digital yuan nears $250B transaction volume: Central bank governor

‘Evil Crypto’ Can Be Used in Foreign Trade, Russia’s Deputy Finance Minister Says

World’s Largest Regional Organization to Switch to Settlements in National Currencies

Chinese Yuan Overtakes US Dollar as Most Used Currency to Settle Cross-Border Payments in China

Russia’s Tech Giant Rostec to Test Digital Asset Payments in International Trade

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Category: cross-border payments

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