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In partnership with OKX, Mastercard is launching the OKX Card to give users more convenient access to digital funds and engage more people in blockchain applications. Partners like JPMorgan Chase, Standard Chartered, and Ondo Finance are connected to the platform to explore new digital asset usecases.
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.
Through the new partnership, OpenPayd will support Ripple’s cross-border payments solution, Ripple Payments, with its global fiat infrastructure, including real-time payment rails, multi-currency accounts and virtual IBANs.
Ant International will be able to use the digital form factor to achieve instant, multi-currency treasury and liquidity management on DBS’ permissioned blockchain for their entities across multiple markets.
DBS has initiated the pilot of the “DBS Treasury Tokens”, a blockchain-based solution designed for next-generation treasury and liquidity management, in collaboration with Ant International. This launch underscores how established financial institutions can utilise blockchain technology to offer advanced, 24/7 banking services.
Walmart Walmart filed a patent for a USD-backed digital currency in 2019. The retailer would use the stablecoin for internal settlement, supply chain payments, employee payroll, and in-store consumer purchases. Amazon While not officially confirmed, Amazon has also explored blockchain-based payments. 1) What is your usecase?
In March 2025, Qatar National Bank (QNB) began leveraging Kinexys Digital Payments (KDP) as its blockchain payment system for USD corporate flows. Morgan FX Services to enable FX settlement on chain, an industry first, in USD, EUR and GBP, with plans to expand to more currencies. Kinexys by J.P. We’ve successfully piloted U.S.
The launch of the new BVNK wallet will create a solution to this friction by providing users with direct access to blockchains and local and international payment schemes, all within a single solution. BVNK will hold on to or exchange balances and deal with third-party payments through its multi-rail access, all in a single product.
In particular, its DBS Globesend solution for cross-border payments spans 132 currencies and 190 countries. Nium operates a payout network that supports 100 currencies and which spans more than 220 markets, 100 of which in real-time. The company claims it has managed over US$1 million transfers, totaling more than US$66 billion.
As a Project Guardian participant, Ant International also leveraged its blockchain-based Whale platform to develop a global treasury management usecase for real-time multi-currency clearing and settlement.
Blockchain companies raised more venture capital and private equity funding in H1’21 than any full year in history. download our best of blockchain research. download our best of blockchain research. But blockchain’s potential extends well beyond crypto and NFTs. First name. Company name. Phone number.
Vincent Chok , CEO at First Digital “2025 is undoubtedly going to be a breakout year for stablecoin adoption, with businesses increasingly looking for solutions that address regional challenges like cross-border payment friction and currency volatility,” explained Vincent Chok , CEO at First Digital.
Singapore-based fintech Xalts is joining forces with smart contracts platform Avalanche , in a move to support financial services, governments, and other enterprise developers in building digital asset platforms for implementing blockchain, tokenisation, and smart contract applications.
Best for : US-based fintechs needing deep bank integrations. Best for : Platforms requiring multi-product financial offerings. Weavr A plug-and-play embedded finance platform designed for non-financial companies, with ready-made usecase templates. Best for : Startups and enterprises already using Stripe for payments.
On Redemption Rights, stablecoins often promise redemption at a fixed value, for example, 1:1 with fiat currency. This will include showcasing capabilities in areas such as enhanced due diligence, blockchain analytics, and robust market surveillance. This also positions them as thought leaders in the sector.
Today, Ripple , the leader in enterprise blockchain and crypto solutions, announced a new partnership with Clear Junction , the global leader in cross-border payments solutions for regulated institutions. A host of new currencies are scheduled to be switched on for Ripple customers later this year.
Monerium, a startup based in Iceland that has a European Economic Area (EEA) e-money license, has teamed up with Algorand, a blockchain with a highly scalable consensus algorithm, according to a report Tuesday (Jan. Monerium stores fiat currency deposits for clients and releases them in a digital form on a blockchain.
Working with OpenPayd and leveraging its purpose-built embedded finance infrastructure expands B2C2’s and its clients’ ability to send and receive fiat currency for trade settlement. Lin says he is dedicated to advancing the global growth of the blockchain and cryptocurrency sector.
This includes leveraging Fireblocks’ Wallets-as-a-Service (WaaS) which enables Yellow Card to create, manage, and secure up to 14 million multi-party computation (MPC) wallets at scale and safeguard customer assets. “We’re
Blockchain has the potential to disrupt nearly every industry. Among plenty of emerging usecases, the technology aims to create a new and improved payments system for the world — one that’s secure, transparent, decentralized, fast, and uses cryptocurrencies (types of digital cash) as a means of exchange. First name.
In recent years, digital currencies have been all the rave. However, the idea that digital assets are exclusively some form of currency is slowly falling by the wayside as different usecases are emerging and being rapidly adopted. The potential usecases and benefits for users are hazy at best.
Transactions in these usecases don’t simply go from Point A to Point B. I can’t go into too much detail,” he warned, though he did highlight WeTravel’s interest in blockchain technology. We’re not a blockchain company; we are a payments company,” he said. But there are two perfect usecases for blockchain here.”.
Think of Ethereum as bitcoin’s multi-talented, more versatile younger sibling. Bitcoin was built using a tech called blockchain to create a global, distributed ledger of transactions. What is blockchain technology? What is blockchain technology? Become an expert on blockchain in this live briefing.
Again, one of the main areas of emphasis is cybersecurity, which MAS identified as a usecase for the first pilot project. Blockchain-based financial infrastructure company Partior has raised more than $60 million in Series B funding. With regard to AI, MAS is also supporting the development of AI innovation centers.
In one example germane to security and payments, ALTR has emerged from four years of stealth, with $15 million in private and institutional backing and what is being billed as the first commercial software package that it says “unleashes the security benefits of blockchain.”.
Standard Chartered Bank (Hong Kong) Limited (SCBHK), the international cross-border bank, is making strides in the world of blockchain as it explores the operational and risk management benefits of tokenised deposits to support the settlement of tokenised assets.
And for the settlements, consider these stablecoins as traveling finite territory in the most recently defined usescases – as in, intrabank. The pilot is slated to begin next year, with plans to eventually have multi-currency transactions. And against that backdrop comes … a new settlement coin. Also on Wednesday (Sept.
Efforts were also made to advance digital assets, tokenization and central bank digital currency (CBDC) experimentation with initiatives such as Project Guardian and Project Orchid expanding to include more usecases and moving towards “live” pilots. 136), regtech (119) and investments and wealthtech (82).
As the first live test of the Mastercard Multi-Token Network (“MTN”), the POC used the following test scenario to explore how this could work in the context of carbon credits: A Mox client wants to buy a carbon credit to offset his/her personal carbon usage and deposits the funds for this in his/her Mox bank account.
360 Madison in New York, will explore unique insights and technical usecases from AI specialists and data scientists within the banking, financial services and insurance (BFSI) sector. AI in Finance Summit New York 2024 April 24 – 25, 2024 etc.
Initiatives like Smart Dubai and Dubai Blockchain Strategy are further evidence that the country is all-in on making the digital economy a reality – and sooner rather than later. Gocash is the first multi-currency prepaid card in the UAE market, said Manghat, designed for those traveling in the region. Why SmartPay and Gocash?
He may work for or own a multi-national company. Today, businesses have the option to hire a full-time salaried employee who moves between multi-national corporate offices around the world, or to hire freelance and gig workers to provide project-based work. That’s the headline story – but as always, there’s a bigger picture to unpack.
The news last week that Ripple raised $55 million in Series B financing is a reminder of how a growing number of financial institutions are using digital currencies to improve the cross-border payments process. Siam Commercial Bank (SCB). Shanghai Huarui Bank. Standard Chartered.
In a round led by Pelion Venture Partners, blockchain technology specialist and FinDEVr alum Gem raised $7.1 Blockchain Capital. Digital Currency Group. million in funding. Also participating in the Series A were: Amplify.LA. Danmar Capital. Drummond Road Capital. KEC Ventures. RRE Ventures. Tamarisk Global. Tekton Ventures.
As InnovateX opened a new office in another country, the system was already able to handle multi-currency expenses and different tax regimes. Moreover, for businesses operating internationally, managing expenses in multiple currencies can be intricate. Effective expense management directly contributes to profitability.
Players in payments and commerce keep trying to get their heads around blockchain technology, seeking out usecases and striving to determine if the reality can ever live up to the hype. That said, blockchain is no silver bullet, to put it mildly. Answers are relatively slow in coming, and skepticism abounds.
Europe 2021 (Digital): Dbilia: Tokenizing digital and physical assets, gaining traction with blockchain enthusiasts. Proptee: Developing a blockchain-based real estate investment platform, beta launched with promising early results. Clinc: Raised $61M for its conversational-AI platform, broadened usecases beyond finance to healthcare.
Bitcoin and other virtual currencies are made possible by what’s known as blockchain technology. Blockchain is essentially a global public ledger capable of automatically recording and verifying a high volume of digital transactions, regardless of location. Blockchain & Bitcoin Research Briefing.
Is now the prime time for blockchain ? As COVID-19 has disrupted supply chains worldwide, Brian Behlendorf , executive director of Hyperledger , told Karen Webster that the pandemic has spurred a shift in thinking about new usecases for permissioned blockchains. The Emerging UseCases.
Its creator, the pseudonymous Satoshi Nakamoto, gave it all of the qualities of cash, but in a digital format: peer-to-peer transfer of a currency in the absence of any intermediary that is pretty much anonymous — only wallet IDs are shared. Holding computers and data for ransom became a new and growing usecase for bitcoin.
In multi-pronged attacks, he said, fraudsters can target bank call centers, provisioning stolen cards in their wallets. “If Consumers must consent to the use of their data, and they also have the right to be forgotten, as companies can be ordered to wipe data. So, what does the future hold?
dtcpay has teamed up with BNB Chain , the community-driven blockchain ecosystem that includes the worlds largest smart contract blockchain by daily transactions to accelerate the real-world utility of stablecoins. However, BNB Chain is known for its low transaction fees (typically averaging $0.001 on opBNB and $0.03
Blockchains have changed how we think about value, trust, and digital ownership. In simple terms, interoperability allows blockchains to talk to each other. In simple terms, interoperability allows blockchains to talk to each other. However, despite the innovation, most chains still operate in isolation.
Powering more efficient payments and commerce applications: Stablecoins can streamline settlement across markets and currencies around the world. The Mastercard Multi-Token Network (MTN) helps enable real-time payments and redemptions, allowing partners like Ondo Finance to leverage on-chain tokenized assets.
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