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Mastercard and JPMorgan to Bring B2B payments on Blockchain

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Image by The Crypto Times Mastercard (MA) has integrated its blockchain-based Multi-Token Network (MTN) with JPMorgan’s (JPM) newly rebranded digital assets platform, Kinexys (formerly JPM Coin), to improve business-to-business (B2B) cross-border payments. The collaboration aims to deliver greater transparency, faster settlements, and reduced time zone-related delays. Mastercard launched the MTN in mid-2023 as a platform …

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11 banks say Regulated Liability Network experiments for tokenized deposits were a success

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Image by Ledger Insights UK Finance released the results of the experimentation phase of the Regulated Liability Network (RLN) which explores the potential for tokenized deposits and programmability. The banks involved were Barclays, Citi UK, HSBC UK, Lloyds Banking Group, Mastercard, NatWest, Nationwide, Santander UK, Standard Chartered, Virgin Money and Visa. The overall conclusion was …

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Bakong blockchain provider Soramitsu partners Nigerian public research body

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Image by Ledger Insights Today Japan’s Soramitsu announced a strategic partnership with the Nigerian Institute of Social and Economic Research (NISER), a government funded research body and think tank. The collaboration is for blockchain technology research and to develop skills and applications in Nigeria. Soramitsu is best known as the developer of Bakong, Cambodia’s very …

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Chainlink Launches Framework to Connect Banks with Blockchain

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Image by The Crypto Times Today, Chainlink announced the Chainlink Runtime Environment (CRE) framework designed to help banks, payment systems, and other traditional financial institutions connect smoothly with blockchain technology. According to the press release, the CRE will replace older technologies like COBOL and the Java Runtime Environment (JRE). COBOL, introduced in 1959, was crucial …

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England tables Bill to clarify digital asset property rights

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Image by Ledger Insights The UK’s Ministry of Justice has introduced a new Bill to Parliament aiming to clarify that digital assets and certain other things can be considered as ‘property’ in England and Wales. It will cover many digital assets such as cryptocurrencies, non-fungible tokens, voluntary carbon credits and in-game digital assets. It follows …

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UAE’s RAKBANK uses mBridge wholesale CBDC solution for Chinese payment

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Image by Ledger Insights Earlier this week the UAE’s RAKBANK confirmed it made its first cross border payment using the mBridge platform. mBridge is multi-wholesale CBDC payment solution founded by the BIS Innovation Hub and the central banks of Thailand, Hong Kong, China and the UAE, with Saudi Arabia joining in June. In the same …

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Swift plans to settle digital securities transactions using Swift payments

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Image by Ledger Insights Today Swift outlined its vision for digital assets and payments. That includes potentially supporting the settlement of digital asset transactions using the Swift network. However, the first step will be to enable “multi-ledger Delivery-versus-Payment (DvP) and Payment-versus-Payment (PvP) transactions on Swift’s secure, global platform.”   Many view a lack of regulated …

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Taraba State Trains 100 Nigerians in Blockchain Skills

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Image by The Crypto Times The Taraba State government, in partnership with the Algorand Foundation, has successfully trained around 100 young Nigerians in blockchain technology and software development. According to local reports, this training program lasted for a week and was wrapped up on Sunday. Taraba State Governor, Agbu Kefas, who was represented by Deputy …

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China mulls how to incentivize CBDC adoption by payment providers, consumers

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Image by Ledger Insights We recently reported that China’s central bank digital currency (CBDC), the eCNY, processed $56 billion in transactions in a single month. It reached a cumulative volume of RMB 7 trillion, which is nearing the $1 trillion mark ($932 billion to be precise). However, a fair proportion is business usage. Stories continue …

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