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Ripple Announces Line Of Credit Offering

PYMNTS

Enterprise blockchain service provider Ripple on Thursday (Oct. 8) announced a beta offering called Line of Credit that it says lets its FinTech customers use the XRP digital currency to send cross-border payments. The service is not available to individuals.

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SC Ventures and G+D Complete Pilot on Different Types of CBDC Systems

Fintech News

SC Ventures, the innovation, fintech investment, and ventures arm of Standard Chartered, and Giesecke+Devrient (G+D) successfully completed a proof-of-concept (PoC) on the Universal Digital Payments Network (UDPN). Central Bank Digital Currencies must therefore be able to work together quickly, easily and securely across national borders.

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RTP, Blockchain Make Inroads Within Corporations

PYMNTS

Mastercard Leads Central Bank Digital Currency Test. With distributed ledger technology (DLT) an increasingly attractive payment rail alternative, some payments conglomerates operating in the world of traditional rails have expanded in recent years to consider blockchain.

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Bitcoin Daily: Caymans Introduce Digital Asset Regulatory Framework; Reserve Bank Of Australia To Test CBDC; Huobi Expands Support For Visa And Mastercard

PYMNTS

The Cayman Islands’ Ministry of Financial Services introduced the nation’s regulatory framework for virtual asset service providers (VASPs) on Saturday (Oct. 31), according to a press release. The framework consists of two phases, the first, which began on Oct.

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Bitcoin Daily: HSBC Backs Blockchain Firm Axoni, Researchers Uncover New Crypto Malware

PYMNTS

The firm plans to put the funds to use by growing its AxCore system, which is based on distributed ledger technology (DLT), as well its smart contracting language called AxLang. (It It also plans to enhance its technology for data synchronization.) HSBC , the U.K. bank, is backing a U.S. ”

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Digital Assets Adoption Hurdles Knocked Down by R3 With New R3 Digital Markets Product Suite

The Fintech Times

Digital assets and digital currencies continue to grow in popularity and demand. As regulations evolve to meet this demand, firms like R3 , the distributed ledger technology (DLT) and services provider, are looking to make adoption as seamless as possible.

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Real Time Heats Up In B2B, While Blockchain Gains Traction

PYMNTS

In a conversation with PYMNTS , Volante Head of Market Infrastructures Domenico Scaffidi explored how financial service providers can get creative to understand how businesses will use real-time payments. As he discussed, banks must look beyond speed to find the value proposition.

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