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The Chinese yuan is now China’s most used currency for cross-border settlements. According to official data from the State Administration of Foreign Exchange, the Chinese yuan rose to be the…
As part of the talks that Russian president Vladimir Putin and Chinese president Xi Jinping are currently conducting in Russia, Russia has vowed to move to use the Chinese yuan…
According to a recent survey by the OMFIF Digital Monetary Institute that was cited by SWIFT, 24% of central banks will introduce a CBDC within the next couple of years.
Another major financial institution has signaled its intent to offer Bitcoin and Ether services to its clients.
"For CBDCs, our solution will enable central banks to connect their own networks simply and directly to all the other payments systems in the world through a single gateway," said…
Are TradFi and DeFi converging, moving toward a middle ground that includes tokenized assets, interoperability and regulation?
The project will connect SWIFT's network to nearly every blockchain to allow traditional finance players access to digital and traditional assets on the one network.
The message-system processes over five billion transactions a year and seeks to maintain its relevance by integrating disruptive technologies to its business.
A Russian university is ready to test its blockchain-based analogue to the global payment messaging network SWIFT, from which Russian banks were cut off as part of Western sanctions. The…
Rostec, the Russian manufacturing and technology conglomerate, has developed a system allowing the processing of international settlements and storage of digital currency. The blockchain-based platform has been announced as an…