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XWeave , a startup developing infrastructure for stablecoin-based cross-border payments, has raised US$3 million in seed funding. Since launching operations in December 2024, XWeave has enabled real-timepayments between Singapore and the Philippines. said Milind Sanghavi, Founder and CEO of XWeave.
As a Project Guardian participant, Ant International also leveraged its blockchain-based Whale platform to develop a global treasury management use case for real-time multi-currency clearing and settlement. By enabling interoperability between bank solutions, payments can be completed 24/7 with FX settlement conducted in real-time.
StraitsX has launched its Singapore dollar-backed stablecoin, XSGD, on the XRP Ledger (XRPL), marking a new phase in its collaboration with Ripple to support real-time digital payments across Asia. Tianwei Liu The availability of XSGD on the XRP Ledger is more than a deployment.
OpenPayd , the financial infrastructure provider, is joining forces with Ripple , the digital asset infrastructure provider, to deliver compliant and scalable payment solutions for enterprise clients. The partnership marks progress for OpenPayd’s recently launched stablecoin infrastructure.
At this point, if you’ve been working in the financial services industry since January, you’ve likely heard of stablecoins, and you may have heard of tokenized deposits. Here’s a brief overview of where stablecoins and tokenized deposits intersect, where they are different, and where they may be most useful.
.” So it may seem like a big leap in the world of payments for a bank to be built on the foundations of blockchain and digital assets — but as Long pointed out, Avanti will be far from the only one to operate in the space, even in the U.S. “This is not a short-term prospect,” said Long.
Will Marwick CEO, IFX Payments The Payments Report 2024 highlights the growing impact of digital currencies, particularly stablecoins, as transformative payment solutions. The report notes how stablecoins, supported by regulatory developments, are driving advancements in digital commerce and cross-border transactions.
To date, Paycode has facilitated the secure disbursement of $250m in aid and social payments, helping drive financial inclusion through biometric identity, offline digital wallets, and real-timepayments.
Conduit , a leading cross-border payments platform powered by stablecoins, announced today it closed a $36 million Series A funding round. To date, Conduit has saved clients over 60,000 hours in settlement times and generated fee savings worth over $55 million. .
Released on May 08, the 2025 Cross-Border Payments 100 recognizes industry leaders across the sector. These companies span every segment of the market, from long-established remittances players and banks to neobanks, business-to-business (B2B) platforms, stablecoin providers and regional specialists, and are powering global trade.
By integrating with advanced networks, such as Partior, we are ensuring that financial institutions can quickly and easily access our real-timepayments infrastructure without the need for complex technical integrations,” said Nium Chief Payments Officer Alexandra Johnson.
The year 2024 is poised to witness a significant enhancement in cross-border payment connectivity across Southeast Asia, underscored by the adoption of real-timepayments. This initiative underscores the potential of digital currencies in facilitating domestic payments.
. “For instance, in Mexico, were working with local fintechs and other organisations including The Peoples Clearinghouse and The Mexican Association of Credit Unions of the Social Sector (AMUCSS) on an initiative that will introduce an interoperable, real-timepayment pathway between the US and 140 rural community banks.
Developments include cross-border quick response (QR) payment linkages, connectivity between real-time national payment schemes, and the ongoing Singapore Response Code Scheme (SGQR+) project focusing on furthering QR code paymentinteroperability.
By fostering strong relationships with merchants, PSPs, and issuing banks, EPI is now in a great position to effect significant change and shape the future of digital payments across Europe. Part of this was the launch of the real-timepayment system Wero last summer.
.” Meeting modern-day demands Daniel Mayhew, CEO, Nucleus365 Daniel Mayhew , CEO, Nucleus365 , the paytech, analyses what firms looking to expand must consider now, real-timepayments; and in the future, evolving regulations. BIS Aurum) and interoperability solutions (e.g, Deutsche Bundesbank Trigger Solution).
Currencycloud Provides APIs for real-time FX, multi-currency wallets, and global payments infrastructure, powering many B2B fintech platforms. Best for : Platforms building cross-border payment functionality into their services. Best for : Platforms accepting or disbursing stablecoinpayments.
Centralised platforms that support multi-currency transactions, offer real-time reporting, and accommodate both traditional and emerging payment methods (e.g., stablecoins) help streamline operations and improve efficiency.
Payments in 2025 will be shaped by AI, instant payments, CBDCs, embedded finance, and sustainability. The payments industry in 2024 saw rapid evolution, marked by the growing adoption of real-timepayments, advances in AI-driven fraud detection, and significant progress in Central Bank Digital Currencies (CBDCs).
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