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

The Fintech Times

With so many countries looking towards centralised digital assets, we set out to find out how these would impact the cross-border payments market. The digital currencies are influencing the technical aspects of cross-border transactions rather than altering user experiences.

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Demystifying Russia’s Digital Payments Landscape

PYMNTS

But in markets such as Russia , complexity reigns, and merchants must grapple with data storage laws, unfamiliar payment rails and the payment preferences of their targeted end users. Against that backdrop, Ingenico said last year that it had launched domestic processing and cross-border settlement for international payments.

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Rewiring the cross-border payments paradigm: Risk and security in correspondent banking confirmation

The Payments Association

We can develop systems that settle instantly, but unless the law backs us, it’s just a ledger of promises. In his view, the promise of instant, cross-border settlement is fundamentally limited by inconsistent legal recognition of digital transactions across jurisdictions. Can real-time cross-border payments be safe?

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The Fed’s crypto pivot: Unlocking banking access and its impact on payments

The Payments Association

Previously, such subjective assessments had prevented some lawful crypto businesses from securing essential banking services, limiting their ability to operate within the regulated financial system. How are banks likely to respond? Some of the largest U.S.