Tag Archives: Interbank

[ad_2][ad_1] During a global rush towards central bank digital currencies, or CBDCs, Cambodia officially launched a blockchain-based platform for digital money transactions called Bakong. “Bakong, a payment and money transfer service through banks or microfinance institutions, was set up on the initiative of the National Bank of Cambodia,” a Dap-News …

[ad_2][ad_1] It became increasingly evident during 2018 that Beijing wants its people to have absolutely nothing to do with digital currencies. However, that does not mean the People's Republic has shunned the underlying blockchain technology. In fact, quite the opposite is happening in China. The China Banking Association (CBA) has …

[ad_2][ad_1] On December 13, 2018, Ripple submitted a proposal addressed to the US Federal Reserve named "Potential reserve federal actions to support the fastest inter-bank payment regulation'. According to the document, the digital era has radically changed the nature of daily interactions and trade. There was a gap between the …

[ad_2][ad_1] Self Publishes a press release on Crowdfund Insider [Beta] Crowdfund Insider is introducing a new feature for people and companies that would like to publish a press release directly on our site. We receive numerous … Blue Whale Foundation: use of the blockchain to enhance the smart cities and …

[ad_2][ad_1] The United Arab Emirates Central Bank (UAE) is collaborating with the Saudi Monetary Authority (SAMA) to issue a cryptocurrency accepted in cross-border transactions between the two countries. GulfNews press release in Dubai has reported this collaboration on December 12th. Mubarak Rashed Al Mansouri, the governor of the UAE central …

[ad_2][ad_1] The 45-year payment provider Swift has just announced the launch of a new payment validation platform. The new platform aims to counter the growing competition from fintech companies and blockchain-based projects, lowering costs and accelerating financial transactions worldwide. fast it was founded in 1973 by a conglomerate of American …

[ad_2][ad_1] The Saudi Arabian Development Institute, the Islamic Development Bank Group (IsDB), has collaborated with a Tunisian startup to develop inter-bank blockchain tools, a press release confirmed on 29 November. IsDB, which will lead the project through its private sector subsidiary, the Islamic Corporation for Private Sector Development (ICD), wants …

[ad_2][ad_1] In an official press release issued by the MUFG on November 9, 2018, the financial giant announced the signing of a memorandum of understanding to develop a new cross-border payment service as part of a joint effort between MUFG and Bradesco. The Brazilian branch of the largest bank in …

[ad_2][ad_1] The Italian Banking Association (ABI) has revealed they successfully passed the initial phase of testing their blockchain-powered interbank system, Italian financial media outlet Ansa reported September 29. By applying distributed ledger technology (DLT), the group of 14 Italian banks is planning to improve interbanking processes. Specifically, the association intends …