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Circle Launches Stablecoin Payments Network for Cross-Border Settlements

Fintech News

Circle stated the initiative addresses inefficiencies in cross-border payments, which can often take more than a business day and incur significant costs, citing World Bank data highlighting average costs exceeding 6%. CPN is a significant step in making that vision a reality for businesses worldwide.

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Thai Governor Highlights Data, Cross-Border Payment Initiatives at SFF 2024

Fintech News

Nexus, now overseen by the newly created Nexus Scheme Operator (NSO) , aims to establish a unified framework for seamless cross-border payments by addressing interoperability challenges between different national systems.

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Real-Time Payments and the Future of Cross-Border Transactions: What Businesses Need to Know

Finextra

With APIs, ISO 20022 messaging, and global collaborations, real-time payments are transforming the way companies operate across borders. Real-time payments are closing the gap between different economies, with financial activity now moving faster than it ever has. That’s no longer the case.

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The FinTech Times – Edition 60

The Fintech Times

The possibitities are now endless Beyond the ledger Blockchain has been part of financial infrastructure for years, from powering cross-border settlements to supporting stablecoin transactions and digital asset custody.

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Cross-Border Real-Time Payments Make Tangible Progress as Over 50% Consumers Use Them, Says GlobalData

Fintech Finance

Cross-border payments are becoming increasingly important to international economies. The failure of pan-Nordic initiative P27 illustrates the challenge of collaborating on and executing the vision of a cross-border settlement scheme across jurisdictions.

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

The Fintech Times

Ninety-eight per cent of the global economy is reportedly already exploring digital versions of their currencies. However, CBDCs will not be the silver bullet to developing and accelerating cross-border payments. While developing economies may look at them more favourably, he does not think G7 economies would be impacted much.

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Bitcoin Daily: OMFIF Debuts Digital Monetary Institute; Chinese Leaders Back Regional Digital Currency Plan

PYMNTS

The potential stablecoin would assist in enabling trade between the four nations by bolstering clearing services as well as cross-border settlement, while its collection of collateral would adhere to the International Monetary Foundation (IMF) special drawing rights (SDR) model. .