Finance Magnates

FEBRUARY 15, 2023

How MSBs are leveraging the power of USDC and Circle for cross-border payments to their counterparties. As cross-border payments continue to gain popularity, businesses are constantly looking for faster, more secure, and cost-effective methods to conduct transactions.

Cross-Border Payments

PYMNTS

FEBRUARY 20, 2018

Individual jurisdictions around the globe are pressing for both faster and more efficient cross-border payments. China’s central bank, for instance, took steps last month to boost the efficiency of cross-border transactions involving Chinese parties by lengthening its clearing window time span.

Cross-Border Payments

PYMNTS

JUNE 30, 2019

June was a busy month for cross-border payments — done across currencies and time zones, between consumers and corporates. No doubt by now most payments watchers are familiar with Libra , the Facebook plan to bring a new global cryptocurrency to market that seemingly seeks to do nothing less than upend global banking.

B2B

PYMNTS

MARCH 7, 2019

Corporate payments are still not a guaranteed use case for cryptocurrencies. Wirex , which providers consumers with an account to store both fiat and cryptocurrency, recently stepped into the corporate finance space with the launch of its business account. Cross-Border Payments Friction.

B2B

PYMNTS

NOVEMBER 27, 2019

He said that “disorderly approaches and heterogeneous adaptations” could happen if the bank didn’t take decisive action. DLT would also help in terms of cross-border payments, he said.

Digital Currency

PYMNTS

APRIL 29, 2020

The volatility of cryptocurrencies and their existence in what’s often a grey area of regulatory compliance make businesses operating in this sector an unattractive target for traditional financial institutions. ius offered insight into exactly why crypto businesses are so difficult to bank. As Karalevi?ius

Cryptocurrency

CB Insights

JANUARY 22, 2020

Entrepreneurs have pitched applications for blockchain technology ranging from supply chain tracking to financial asset settlement, but the only one that has found adoption at any significant scale so far is cryptocurrency creation and trading. The companies raised $400M and $321M, respectively, both contributing to 2018’s spike.

Blockchain

CB Insights

JANUARY 28, 2020

B2B cross-border payments company Ripple offers an alternative to transferring money via the correspondent banking system, which has long faced criticism for being slow, opaque, and costly.

Cross-Border Payments

PYMNTS

DECEMBER 4, 2017

FinTech innovators are finally paying attention to the B2B sphere, and much of that focus has landed on the cross-border payments space — a notoriously clunky, expensive and opaque burden for many business payers. Traditional banks are often at the center of that global B2B payments friction. Regulatory Burdens.

B2B

Finovate

JANUARY 31, 2025

Because it leverages stablecoins, the company does not rely on outdated SWIFT and correspondent banking rails and is able to deliver faster, more reliable, and cost-effective cross-border payments between developed and emerging markets.

Cross-Border

PYMNTS

SEPTEMBER 6, 2018

Beyond cryptocurrencies, blockchain is making wakes as a conduit for transactions. And there are a number of initiatives from banks in that country to use blockchain to exchange assets. In other payments infrastructure-related offerings, some marquee names have made some strides.

Cross-Border

PYMNTS

APRIL 11, 2016

One of the more loaded revelations from the report: Banks really only have to worry about disruption from blockchain technology in some aspects of the financial system, like trade finance, and less so in other aspects, like cross-border payments.

Cross-Border

PYMNTS

DECEMBER 17, 2019

“We offer a single API across all banks,” Kirsch told Webster. He emphasized that the company’s aim is to help move digital currency — that is, digital forms of fiat currency — across bank rails, and that it has nothing to do with cryptocurrency, which is still an unwelcome concept to many financial institutions (FIs) and payments players.

Central Bank

Evolve Payment

SEPTEMBER 29, 2023

Cryptocurrency Acceptance: Not Just Rumors Cryptocurrencies like Bitcoin and Ethereum have been making headlines for years , and in 2024, they are expected to become more widely accepted as a legitimate form of payment.

Industry Trends

PYMNTS

MARCH 12, 2018

Absent the traditional banking role of money creation, he said, individual consumers would not be able to obtain mortgages or finance car loans because there would not be enough money to go around. The digital cryptocurrencies can’t function with the same flexibility and economic impact as fiat , then, and blockchain doesn’t scale.

Faster Payments

PYMNTS

NOVEMBER 19, 2018

Cross-border payments are rarely quick and transparent, and moving money across borders through the traditional channels is becoming more difficult. percent drop in correspondent banking last year. percent drop in correspondent banking last year.

Cross-Border Payments

CB Insights

FEBRUARY 8, 2018

But this very loud and public backlash against cryptocurrencies from banks begs the question: What do banks have to be afraid of? We’ll provide the definitions and analogies you need to know for bitcoin, blockchain, cryptocurrencies, and more. The short answer is “a lot.”. What is blockchain technology?

Blockchain

Finextra

JUNE 30, 2025

Regulatory shifts are paving the way for banks to engage with stablecoins. These are rapidly evolving from a niche vertical in the cryptocurrency ecosystem into a foundational element of the global financial system. This record high is driven by a wave of adoption from major global banks. How stablecoins work?

Stablecoins

PYMNTS

JANUARY 9, 2019

McDonald’s crossed the threshold from millions of burgers to billions served. News came this week from Ripple, which has a presence in both the cryptocurrency and blockchain realms, that 13 more financial institutions have signed on RippleNet. Social media firms count subscribers in much the same way. The firm stated Tuesday (Jan.

Cross-Border

The Payments Association

MAY 19, 2025

Another 2024 survey by ConsenSys and YouGov found 57% of 901 adults familiar with cryptocurrencies reported too many scams as their main concern with the technology. One of the greatest challenges to further adoption of digital assets is concern over scams.

Compliance