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Xoom Enables Partners to Use PayPal USD for Faster Cross-Border Payments

Fintech News

Xoom, a PayPal service, offers digital remittance services in over 160 countries, providing users with a convenient platform to send money, pay bills, and reload phones. This move aims to reduce the cost and increase the speed of international money transfers by leveraging blockchain technology.

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dtcpay and Visa Partner to Enable Global Digital Currency Payments

Fintech News

dtcpay is integrating its digital payment capabilities into Visa ’s global network, giving access to over 130 million merchants across more than 200 countries and territories. This collaboration aims to bridge traditional payments with digital currencies, enabling merchants to accept transactions from a growing segment of UHNW customers.

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Mastercard Leads New Central Bank Digital Currency Test Platform

PYMNTS

Mastercard has announced a new virtual testing platform for Central Bank Digital Currencies (CBDCs). In a Wednesday (Sept. Mastercard’s testing platform allows banks to simulate the issuance, distribution and exchange of CBDCs between banks, financial service providers and consumers.

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Swift, UBS, and Chainlink Advance Tokenised Fund Settlement Under Project Guardian

Fintech News

It highlighted the potential for integrating blockchain technology with existing financial networks to improve the efficiency of fund subscription and redemption processes, which are traditionally hindered by manual procedures, delayed settlements, and limited transparency. said Jonathan Ehrenfeld, Head of Strategy, Swift.

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Wirex and Visa Integrate Blockchain Technology with Traditional Finance in Latest Partnership

The Fintech Times

Wirex , a Web3 money app, is partnering with digital payments giant Visa to further the use of digital currencies in the UK and the European Economic Area (EEA). It showcases fintech innovation by enabling seamless transactions between blockchain technology and traditional finance.

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Swift, UBS Asset Management, and Chainlink Successfully Complete Innovative Pilot to Bridge Tokenized Assets With Existing Payment Systems

Fintech Finance

The pilot showed how financial institutions can leverage blockchain technology, the Chainlink platform and the Swift network to settle subscriptions and redemptions for tokenized investment fund vehicles, thereby allowing the straight-through-processing of the payment leg without the need for the global adoption of an on-chain form of payment.

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Digital Rupiah Inches Closer with Successful Completion of PoC

Fintech News

Indonesia has reached a significant milestone in its journey toward exploring the potential of Central Bank Digital Currencies (CBDCs) with the completion of the Proof of Concept (PoC) for the wholesale Digital Rupiah under the auspices of Bank Indonesias Project Garuda.