Remove Cross-Border Settlement Remove Digital Currency Remove Treasury
article thumbnail

Circle Launches Stablecoin Payments Network for Cross-Border Settlements

Fintech News

Circle Internet Group announced the launch of its Circle Payments Network (CPN), a new system designed to connect financial institutions for cross-border payments using regulated stablecoins. The post Circle Launches Stablecoin Payments Network for Cross-Border Settlements appeared first on Fintech Singapore.

article thumbnail

XWeave Secures US$3 Million Funding for Stablecoin Cross-Border Payments

Fintech News

Additional investors include White Star Capital, Fabric Ventures, Digital Currency Group (DCG), The Venture Dept., The company is also in talks with regional fintechs and global merchant platforms to integrate real-time cross-border settlement into their products. and several angel investors.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

CBDC in Corporate Payments and Transaction Banking

Finextra

Past Trends Paper to Digital Ledgers: Cash and checks dominated corporate payables/receivables for decades. Large corporates built bespoke treasury systems to manage multi-bank transfers, FX conversion and reconciliation. ESG-Tagged Treasury Corporates earn “green rebates” when funds cycle through sustainable project wallets.

article thumbnail

Will Central Bank Digital Currencies (CBDCs) Impact Cross-Border Payments in 2024?

The Fintech Times

As of December 2023, 130 countries, representing 98 per cent of global GDP, were exploring central bank digital currencies (CBDCs) according to the Atlantic Council ‘s CBDC tracker. With so many countries looking towards centralised digital assets, we set out to find out how these would impact the cross-border payments market.

article thumbnail

A Closer Look At Ripple’s Money-Saving Claims

PYMNTS

Ripple provides the infrastructure for blockchain-fueled cross-border payments in an effort to progress towards what the company calls the Internet of Value — a market in which money moves across borders securely and quickly, just like information moves throughout the Internet.