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The network aims to enable faster, lower-cost international money transfers by utilizing stablecoins such as USDC, EURC, and other regulated digital currencies for real-time settlement between participants like banks, payment providers, virtual asset service providers, and digital wallets.
The collaboration focuses on payment processing, foreign exchange, riskmanagement, and wealth management solutions tailored to SMEs. OCBC China will also act as XTransfer’s global account manager, working closely with the banks subsidiaries to support cross-bordersettlements and facilitate business growth.
” By integrating Antoms multi-currency offerings and cross-bordersettlement capabilities, Booking.com is empowering its global accommodation providers to expand user reach, and optimise payment acceptance and reconciliation across diverse markets.
Limited access to banking services has, in turn, constrained these firms’ ability to operate efficiently within the broader financial system, including in areas such as payments, settlements, and liquidity management. What are the risks and challenges? How are banks likely to respond? Some of the largest U.S.
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