Remove Digital Currency Remove Use Case Remove Whitepaper
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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.

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Ripple picks BNY for stablecoin custody

Finextra

Jack McDonald, SVP, stablecoins, Ripple, says: “Ripple USD addresses a critical gap in the market as a stablecoin developed for enterprise-grade financial use cases, designed to meet the rigorous standards of leading financial institutions.

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RS2 partners with Visa to optimise global payment processing

The Paypers

The launch followed the publication of RS2’s latest whitepaper, How to solve banks’ legacy system challenges while controlling risk , which highlighted that up to 70% of banks’ IT budgets had been consumed by maintaining outdated infrastructure.

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India’s Reserve Banks Wants To Digitize The Rupee On Blockchain

PYMNTS

The Reserve Bank of India (RBI) says it’s time to embrace blockchain and adopt a digital currency for the country, according to a new report. But adopting a digital currency to operate across blockchain could offer even more benefits to India.

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Here’s How 10 APAC Markets Are Approaching Crypto Regulation

Fintech News

The Reserve Bank of Australia (RBA) also played a crucial role by exploring the concept of retail and wholesale Central Bank Digital Currencies (CBDC) through its eAUD pilot programme , which focused on a wide array of use cases and essential legal aspects.

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What We’ve Learned From Libra

PYMNTS

As part of that narrative, Marcus recently told regulators that Libra really isn’t a new currency, but that it is a “better payment network utilizing national currencies to deliver meaningful value to consumers all over the world.”. Except that’s not what the Libra whitepaper says.

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If Facebook Wants To Be WeChat, Why Did It Launch Libra?

PYMNTS

It seems an even bigger one to ask those consumers to download another app inside Messenger – Calibra – for the sole purpose of sending Libra currency via a Calibra digital wallet to friends, with no other use cases in sight for a very long time. It just doesn’t click.

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