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Russia and Indonesia are moving toward ruble-rupiah trade settlements as sanctions and Russia’s SWIFT exclusion drive efforts to establish sustainable, dollar-free financial systems. Indonesia-Russia Trade Sees Shift to Ruble and…
Russia and Iran are forging a confidential financial system to replace SWIFT, signaling a bold move to bypass Western dominance and reshape global economic power dynamics. Russia and Iran Deepen…
According to data released by SWIFT, the use of the euro as a settlement currency for international payments has fallen significantly. Its utilization share has decreased by 6.83% compared to…
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from last week. In this edition, we examine how Brazil’s firm determination to…
The Russian Finance Minister offered insight into the inner workings of the new BRICS payment system at the recent summit held in Kazan. Anton Siluanov stated that the modern system…
The People’s Bank of China emphasized the Mbridge platform’s role in improving cross-border payments through the use of central bank digital currencies (CBDCs), aiming to reduce inefficiencies and avoid new…
A Fellow at the Carnegie Russia Eurasia Center and former adviser at the Central Bank of Russia has weighed in on the digital ruble, Russia’s central bank digital currency (CBDC),…
Swift will begin live trials for digital asset and currency transactions in 2025, engaging banks across North America, Europe, and Asia in a major step toward real-world applications. By leveraging…
Swift has unveiled a plan to enable the movement of digital assets and currencies on its global payment network. The initiative aims to integrate regulated digital currencies into Swift’s platform,…
The largest Japanese banks—MUFG, SMBC, and Mizuho—plan to use a stablecoin-based system to facilitate cross-border payments in the future. The initiative, Project Pax, replaces correspondent banks with blockchain technology, linking…