Blockchain Services Firm Claims Instant Cross-Border Payments
BlockCypher, a firm that positions itself as a “blockchain web services” provider for the corporate realm has claimed that it can now facilitate near-instant cross-border payments. As bitcoin and blockchain-based innovation continues to disrupt the payments industry with quicker settlements at a lower cost, one Fintech firm with a focus in the B2B space claims it can now deliver on the promise of instant cross-border settlements at a fraction of the costs incurred with existing avenues, like SWIFT. BllockCypher is a provider of web services that notably enables bitcoin wallet services for....
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The National Bank of Abu Dhabi has introduced real-time cross-border payments on a blockchain by integrating technology from industry firm Ripple. The offering will immediately benefit customers in the Asia-Middle East remittance corridor. Announced today, the NBAD laid claim to be the first bank in the Middle East and North Africa (MENA) region to go live with blockchain technology for real-time remittance. The new feature will facilitate its entire regional customer base with efficient, instant cross-border payments. In statements, Vineet Varma, NBAD managing director and chief for....
The well-known global financial messaging service, SWIFT, is set to test the Central Bank of Digital Currency (CBDC) by interlinking several CBDC networks in order to execute cross-border payments. Besides currently linking financial institutions worldwide to communicate and execute financial payments, the Belgium-based network has approached consulting firm Capgemini and French information technology services to […]
Ripple has agreed to acquire a 40% stake in cross-border payments firm Tranglo to further expand its ODL service in Southeast Asia. Ripple continues its push into the Asian market by acquiring a stake in a cross-border payments firm.According to a blog post, Ripple has agreed to acquire a 40% stake in cross-border payments firm Tranglo, with the aim to expand RippleNet’s On-Demand Liquidity, or ODL, service that uses the XRP cryptocurrency. The completion of this transaction is subject to regulatory approval, with investment firm TNG Fintech Group remaining the majority shareholder in....