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Key considerations for the adoption of digital currencies

Finextra

The potential applications and use cases DLT-based digital currencies introduce a new settlement mechanism for faster, lower cost and more efficient transactions. A typical use case is the clearing and settlement of international payments.

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Euro Banking Association Outlines Use Cases For Digital Currencies

PYMNTS

The Euro Banking Association (EBA) announced Monday (May 22) that it issued a new information paper looking at benefits and uses cases of digital currencies for international payments and correspondent banking practices.

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Crypto Goes After Intercompany B2B Payments

PYMNTS

Corporate payments are still not a guaranteed use case for cryptocurrencies. One of the most promising use cases, he said, is in the friction companies experience moving money within the organization itself — that is, making payments to subsidiaries or business units, particularly when those entities exist across borders.

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U.S. Faster Payments Council Explores the Practicalities of Cross-Border Payments in a Faster Payments World

Fintech Finance

Faster Payments Council (FPC) , a membership organization devoted to advancing safe, easy-to-use faster payments in the United States, today published its latest research report, titled The Practicalities of Cross-Border Payments in a Faster Payments World.

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Cross-Border Payment Efforts Look To The Blockchain And Beyond

PYMNTS

Indeed, B2B cross-border payments , traditionally characterized by fragmentation and opacity, are a potential use case for the successful implementation of DLT,” said the authors in their post. Some see distributed ledger technologies (DLT) as having the potential to drive industry-wide change.

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Financial Authorities Press Collaboration To Improve Global Corporate Payments

PYMNTS

Working with HSBC , the authorities assessed contributions and feedback from corporates and commercial banks to discuss current pain points, potential future capabilities and various use cases of global payments and settlements. percent decline in the number of correspondent banking relationships in 2017 compared to the year before.

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i2c President Says Blockchain Will Unlock Cryptocurrency

PYMNTS

“It lays the groundwork, certainly for study research and development, if not full-fledged movement,” he said of central bank efforts and frameworks being developed by the BIS. It’s a space, he said, that’s ripe for disruption.