Banque de France Officials Embrace CBDCs as Cornerstone of New International Monetary System
Officials from Banque de France have endorsed the global perspective on central bank digital currencies (CBDCs), describing them as the cornerstone of a new international monetary system. In a speech delivered on October 3, Denis Beau, the First Deputy Governor at Banque de France, referred to CBDCs ...
mBridge Cross-Border CBDC Project Progresses Toward MVP Launch
The mBridge project, which focuses on cross-border central bank digital currencies (CBDCs), is making progress toward its minimum viable product (MVP) launch. The project has recently announced plans to onboard new participants, potentially including central banks from Southeast Asian countries. Cur ...
JPMorgan Quietly Accumulates XRP, Hinting at a Shift in Crypto Strategy
Recent reports have emerged suggesting that JPMorgan, one of the world's largest banks, holds a significant portion of its assets in XRP, a cryptocurrency developed by Ripple Labs. The leaked report, allegedly from an anonymous insider at JPMorgan, indicates that the bank has quietly accumulated ove ...
Expert Predicts XRP’s Potential Value to Surpass $500, Citing Ripple’s $250 Trillion Cross-Border Projections
Expert Believes XRP's Potential Far Exceeds $500, Citing Ripple's $250 Trillion Cross-Border Projection Financial expert Shannon Thorp has expressed the view that valuing XRP at $500 is conservative, particularly in light of Ripple's projection that cross-border payments could reach $250 trillion ...
Latam Gateway Licensed as Electronic Money Issuer in Brazil, Collaborating with Binance
Operator Latam Gateway, working with the largest cryptocurrency exchange Binance in Brazil, was licensed by the local central bank as an electronic money issuer and payment provider. Latam Gateway acts as an intermediary for foreign companies in the country, ensuring the ...
BNP Paribas Collaborates with Bank of China for Digital Yuan Payments
French BNP Paribas announced the beginning of cooperation with the Bank of China and the implementation of the program of payments in digital yuan for corporate clients. The cooperation will allow BNP Paribas China to connect to the Bank of China (BOC) digital yuan manageme ...
Central Bank of Mauritius to Launch Pilot Project for Digital Rupee
Central Bank of Mauritius (BoM) will launch a pilot project to test the digital Mauritian rupee after a three-year study of its capabilities. Bank of Mauritius (BoM) Governor Harvesh Kumar Seegolam said the pilot program will be launched in November 2023. Sigolam believe ...
Payment Service Strike Adds API for BTC and USD Payments Over Lightning Network
This API is for BTC and USD payments It sends transfers directly to dollar bank accounts Payment service Strike has added new APIs that make dollar and BTC payments over the Lightning network easier and faster. "Strike APIs can ...
India’s New Foreign Trade Policy Guideline to Allow Use of Digital Rupee for International Payments
The Indian government has recently introduced a new foreign trade policy guideline that allows the use of the digital rupee for international transactions. According to India's Commerce Minister, Sunil Barthwal, the new policy will make cross-border payments much more accessible for countries who ...