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The move comes as stablecoins gain wider acceptance beyond crypto trading, with regulators providing greater clarity on their use. The payment giants approach covers wallet enablement, card issuance, acceptance, and settlement options to support the everyday use of stablecoins alongside traditional money.
Morgan’s Kinexys Digital Payments, connecting blockchain-based tools with real-time payment rails. Morgan’s blockchain business unit, facilitates real-time money transfers using commercial bank funds. This partnership combines Mastercard’s expertise in blockchain-based solutions with J.P.
Singapore-based stablecoin infrastructure provider StraitsX has unveiled a refreshed brand identity as it expands its role in enabling compliant, real-time payment settlements. It supports tokenised currency issuance, FX, and settlement across both public and private blockchain networks.
Valued at $28.93billion in 2024 and set to hit $49.18billion in 2025, according to The Business Research Company , the blockchain market is thriving. While this growth is in part due to the success of the crypto industry, the blockchain industry is not dependent on crypto.
Emerging tech: High-stakes opportunities The hype surrounding AI, blockchain and quantum computing continues to grow, and for good reason. We have invested in a robust AI infrastructure, including our own compute capabilities, and we use both regional and international cloud models based on the nature of the usecase.
B2B UseCases Are Mushrooming. And, in the digital-first world that has been wrought amid the pandemic, the B2B usecases of moving money beyond the confines of the paper check have been exploding as data and payment need to be matched up seamlessly. Using Technology To Solve Key UseCases.
In March 2025, Qatar National Bank (QNB) began leveraging Kinexys Digital Payments (KDP) as its blockchain payment system for USD corporate flows. Through the relationship, QNB can address the complex challenges in the industry for commercial settlements, such as cross-border payments and liquidity funding needs. Kinexys by J.P.
The processes included converting reserve account balances into digital Rupiah and vice versa, ensuring seamless interoperability with Bank Indonesias Real-Time Gross Settlement (BI-RTGS) system. Following the success of the Immediate State, the Intermediate State phase will expand digital asset usecases.
Rain announced it has joined Visa’s pilot program for stablecoin settlement. Rain has fully tokenized its credit card receivables and has transitioned all settlement transactions for its Visa cards to USDC, to now be able to settle with Visa 7 days a week, 365 days a year. ” This is just the beginning.
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.
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’ permissioned blockchain is Ethereum virtual machine (EVM)-compatible and is integrated with its core payments engine.
Circle has launched the Circle Payments Network (CPN) to modernize the $190 trillion cross-border payments market with blockchain-based, near-instant settlement. CPN enables financial institutions to securely exchange payment instructions and settle transactions using USDC on public blockchains. per transaction.
This enables rapid scaling of new payment usecases, without duplicating risk exposure. Usingblockchain infrastructure, real-world assets (RWAs) – such as real estate, equity, and intellectual property – can be digitised, fractionalised, and traded globally with greater transparency and efficiency.
RLUSD is ideal for financial usecases and allows institutions to: Facilitate instant settlement of cross-border payments. RLUSD is available on both the XRP Ledger and Ethereum blockchains, offering flexibility and scalability for various financial usecases.
Through the project , HKMA explores financial market infrastructure that facilitates seamless interbank settlement of tokenised money through a wCBDC. Having completed building the sandbox, HKMA will use it to facilitate interbank settlementusing experimental tokenised money, focusing on transactions involving these tokenised assets.
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.
This massive market, which includes a broad range of financial “plumbing” services, could be poised for a blockchain shake-up. But a growing number of companies want to employ distributed ledger technology (DLT) — which uses tech like blockchain to offer a simpler, streamlined way to verify transactions — to upend this status quo.
The UK’s Regulated Liability Network has chosen R3 , a company specialising in enterprise distributed ledger technology and services, as well as Quant , a blockchain provider for finance, to develop the technology prototype for its experimental stage.
Not all that long ago, blockchain and bitcoin were inseparable – shorthand for the Wild West of cryptocurrencies and speculation. One firm, tZERO Group , is betting that blockchain can help disrupt capital markets themselves. Blockchain can help automate compliance efforts and settle trades with speed. The UseCases .
Plus, blockchain makes new inroads in the B2B arena. As Canada gears up to launch its real-time payments system, the Real-Time Rail (RTR), Payments Canada , the entity at the head of the initiative, has announced that Mastercard -owned Vocalink has been chosen as the clearing and settlement solution provider for the new payment rail.
Looking to facilitate direct payments between businesses and customers in real-time through a new open banking solution, a three-way partnership has been announced between Eviden , the Atos Group business focusing on digital, cloud, big data and security, fintech innovator Ordo and blockchain company, ByzGen.
May Zabaneh, VP of Product at PayPal The ability to send a payment over the blockchain in seconds at a fraction of the cost was simply incredible. We plan to continue to deliver more usecases for merchants and consumers around the world, says Zabaneh. This means merchants never have to handle crypto directly when getting paid.
Emerging technologies like blockchain and distributed ledger-based APIs could be at the center of making that collaboration easier. In a recent interview with PYMNTS, Behlendorf explained why he believes technologies like blockchain and distributed ledger can make B2B payments run more smoothly for businesses of all kinds.
HSBC is increasingly relying on blockchain technology to facilitate its foreign exchange trading services, reports in Financial Times said Monday (Jan. 14), with more than three million FX transactions having already been processed by the bank in the past year via blockchain.
It’s been several months, if not years, since blockchain was the darling of tech startup investors, but this week proved the technology still has a lot to offer venture capitalists. blockchain startup Envoy will be used to bolster its supply chain and trade finance platform, the company told PYMNTS in an emailed announcement.
Distributed ledger technology (DLT) — which uses tech like blockchain to verify transactions without the need for a centralized authority — is gaining traction as a way to revamp capital markets infrastructure by making it more streamlined, improving transparency, and reducing associated fees. Please click to enlarge.
Swift will interlink various digital asset networks, blockchains, and central bank digital currencies (CBDCs), enabling seamless transactions between traditional and emerging forms of value. Key usecases for these trials include payments, foreign exchange (FX), and securities transactions.
Blockchain made plenty of headlines last year. We’ve seen stories on everything from price volatility surrounding cryptocurrencies to increased adoption of blockchain tech by some of the world’s largest corporations. GET the 47-page blockchain TRENDS report. This year promises to be no different. Bitcoin mining.
In this week's roundup of payment rail innovation, PYMNTS finds B2B payments usecases serve as an important driver of adoption, with FinTechs and financial service providers embracing payment rails old and new to enable real-time B2B payments and foreign exchange. Plus, blockchain projects move closer to launch in the U.S.
The report, based on a survey of over 50 financial institutions across Asia, reveals that the digital assets space is poised for significant growth as institutional investors seek to diversify their portfolios and capitalise on the benefits of blockchain technology. of respondents predicting their growth in the coming years.
Eurosystem , the monetary authority of the eurozone, has been exploring the possible usecases of distributed ledger technology (DLT) to conduct wholesale settlement in central bank money. It has now completed its first experiment using DLT, giving the monetary authority a glimpse into the potential merits of the tech.
Beyond the vagaries of cryptocurrencies, the price swings and headlines, and the investigations and speculation, usecases emerge. In illustrative usecases, users can send dollars to the U.S. Santander is no stranger to blockchain. In Brazil and Poland, said Santander, customers can transfer to the U.K.
Heading The collaboration makes BVNK one of the first business payment platforms to integrate FDUSD, one of the most rapidly growing stablecoins globally, unlocking new opportunities for businesses looking to explore stablecoin usecases, and enhancing global payment and trading capabilities for institutional and professional investors.
By adopting the Chainlink standard for verifiable data on the Ethereum blockchain, Ripple hopes to bolster the utility of RLUSD across the onchain economy. ” Backing stablecoin popularity Initially introduced to accelerate the adoption of stablecoin-based payments, RLUSD is designed to maintain a value of 1:1 to the US dollar. .”
JPMorgan Chase is planning to expand its use of blockchain technology to improve the banking industry’s payment system, as well as get FinTechs to experiment on developing the platform. The initial usecase was around sanctions screening,” JPMorgan’s head of global clearing, John Hunter, said, according to The Financial Times.
Furthermore, the report takes a forward-looking approach, incorporating forecasts for 2025 and exploring pivotal themes such as artificial intelligence in payments, the evolution of tokenisation and decentralised finance (DeFi), and the adoption of emerging technologies like blockchain, generative AI, and machine learning.
The company was an early adopter of distributed ledger technology (DLT), teaming up in 2017 with Ripple Labs and pioneering blockchain-based remittances from Japan to Thailand and Vietnam. XTransfer has built a global multi-currency settlement network backed by intelligent, automated risk management infrastructure.
How financial asset tokenisation works Real-world asset (RWA) tokenisation is converting ownership rights into digital tokens on a blockchain. Investment-grade bonds The $140 trillion global bond market has long been constrained by high issuance costs, slow settlement times, and an overreliance on intermediaries.
The trials have explored usecases ranging from foreign exchange (FX) to debt capital markets, providing valuable insights into the practical implementation and challenges of tokenisation. The GFF aims to simplify the process of incorporating new tokenised funds and help achieve efficiencies in fund settlement.
Looking to tackle this issue and enable merchants to accept stablecoin payments, Bitget Wallet , the Web3 non-custodial wallet, has been integrated into Paydify, the universal gateway enabling crypto payments across all wallets and blockchain networks. By integrating an open payment layer, we’re moving closer to this goal.”
In the age of blockchain, all manner of physical assets are making the leap to bits and bytes. Blockchain can track transactions of all sorts and create a connected record — and that blockchain is rapidly cleaving from the cryptocurrency clamor to which it was once inextricably linked. New UseCases. percent pure.
Live briefing: BLOCKCHAIN TRENDS IN 2018. Join us for a deep dive into blockchain in 2018. Each step in this collaborative process represents a potential point of failure in the overall system, where information can be lost, policies misinterpreted, and settlement times lengthened. First Name.
Blockchain technology has the potential to impact nearly every industry involving money. This gives those insurance companies involved in the trial the ability to communicate more effectively via blockchain technology’s ability to automate these pertinent aspects of the insurance process. SR: Impact is slow but expansive.
New York-based Signature Bank is rolling out a digital payments platform powered by blockchain that enables real-time payments for corporate customers. The platform was developed in partnership with blockchain company trueDigital Holdings, Signature noted, and will go live on Jan. The financial institution announced on Tuesday (Dec.
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