Remove Distributed Ledger Technology (DLT) Remove Research Remove SWIFT
article thumbnail

SWIFT, Ripple Support EU Blockchain Group Launch

PYMNTS

A new blockchain association has been created to promote the adoption of the technology across the European Union. The group — the International Association of Trusted Blockchain Applications ( INATBA ) — officially launched on April 3 in Brussels and includes SWIFT, IBM, Ripple and around 100 other companies and organizations.

article thumbnail

CBDCs in practice: What we’ve learned from the early movers

The Payments Association

With more than 130 jurisdictions now researching or developing CBDCsranging from early-stage exploration to live deploymentsglobal momentum is steadily building. These projects leveraged distributed ledger technology (DLT) to settle trades more quickly and securely, using delivery-versus-payment (DvP) mechanisms that reduce counterparty risk.

CBDC 88
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

 World Bank Sees DLT Potential For Cross-Border Transactions

PYMNTS

The jockeying for cross border-payments continues, and SWIFT and Ripple continue to dominate the headlines. At heart of the matter, of course, is the place (or choice) of using distributed ledger technology (DLT) to underpin the transactions — especially B2B transactions.

article thumbnail

Cross-Border Payment Efforts Look To The Blockchain And Beyond

PYMNTS

Beyond individual company news, some seeming validation has come from the World Bank for Ripple’s xRapid and other technologies, including SWIFT’s blockchain pilots, as noted earlier this week. Some see distributed ledger technologies (DLT) as having the potential to drive industry-wide change.

article thumbnail

RTP, Blockchain Make Inroads Within Corporations

PYMNTS

Researchers found that 70 percent of demand deposit accounts are managed by FIs with access to the RTP network. Yet even more FIs have access to RTP as a result of third-party technology partnerships, a press release said last week. Financial institutions (FIs) in the U.S. Emirates NBD Consolidates Global Payments Infrastructure.

RTP 105
article thumbnail

B2B Cross-Border Payments Are Speeding Up

PYMNTS

Swift recently announced that its gpi service can integrate with domestic real-time systems to facilitate rapid cross-border transactions. Traditionally, most cross-border payments are made through Swift. Cross-border payments still present challenges , but the landscape is changing rapidly. .

article thumbnail

Deep Dive: Emerging Response To B2B, P2P Cross-Border Payments Pain

PYMNTS

The cross-border business payments market is significant, as Medici research finds that international accounts payable (AP) by small- and medium-sized businesses (SMBs) currently hold approximately $7 trillion, and marketplace payouts amount to about $8 trillion. International B2B Payments Pains.