Remove Interbank Settlement Remove Security Remove Use Case
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2024 Payment Methods Report: Overview, Insights, and Statistics

Clearly Payments

Global Usage : Debit cards accounted for 23% of online retail payments worldwide in 2023, with particularly high use in markets such as Canada, where over 60% of consumers prefer debit cards over credit. Wholesale CBDCs : There are two types of CBDCs: Retail CBDCs are designed for use by the general public, providing an alternative to cash.

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Project Ensemble: Hong Kong Embraces Asset Tokenisation With New Sandbox

The Fintech Times

Through the project , HKMA explores financial market infrastructure that facilitates seamless interbank settlement of tokenised money through a wCBDC. Having completed building the sandbox, HKMA will use it to facilitate interbank settlement using experimental tokenised money, focusing on transactions involving these tokenised assets.

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FedNow’s Montgomery: Gearing Up For 2023-24 — And Instant Payments Competition

PYMNTS

As reported in August, the Fed had announced some additional details of the 24/7 year-round interbank settlement service through a program that began to take shape in 2019, geared toward speeding processing times tied to instant payments (and featuring a clearing function).

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PayFi Teams With The Clearing House For Real-Time Payments Platform

PYMNTS

The network is the first to deliver 24/7 clearing and interbank settlement, including the real-time movement of money and enriched data between participating financial institutions,” PayFi said. The RTP network offers a suite of available use cases and extensive level of data accompanying each RTP transaction.”.

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Fintech in Singapore: 2023 in Review

Fintech News

Efforts were also made to advance digital assets, tokenization and central bank digital currency (CBDC) experimentation with initiatives such as Project Guardian and Project Orchid expanding to include more use cases and moving towards “live” pilots. 136), regtech (119) and investments and wealthtech (82).

FinTech 111
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A Closer Look At Ripple’s Money-Saving Claims

PYMNTS

Among one of the loudest of these blockchain champions is Ripple, a FinTech firm that has recently secured millions of dollars in investments and strategic partnerships aimed at promoting blockchain technology’s use for traditionally friction-rich areas, like cross-border payments and real-time payments. ” A Bit Of Background.

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Finovate Debuts: Ledger’s Blue Smartcard Mitigates Phishing & Malware Attacks

Fintech Labs Insights

Ledger CEO and founder Eric Larchevêque explains, “It is a hardware wallet, but we prefer to call it a personal security device because it can do a lot.” Use cases range from critical workflow security to trusted hardware for blockchain based applications. Finovate: What problem does Ledger solve?