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 successful digital currency payment …
Image by Ledger Insights On Friday the European Central Bank launched a consultation on extending the hours of T2, its main real time gross settlement (RTGS) system. DLT payments and the digital euro are one of the considerations, although not the primary driver of the plans. T2 already operates 22.5 hours a day, but consumer …
ECB consults on extending RTGS hours – could help DLT payments, digital euro 查看全文 »
Image by Ledger Insights Today the Reserve Bank of Australia and the Australian Treasury published a report on work done so far on central bank digital currency (CBDC). As stated previously, they see no immediate need for a retail CBDC, despite the Australian cash transactions (13%) as a proportion of retail payments nearing Scandinavian levels. …
Reserve Bank of Australia confirms new wholesale CBDC initiative 查看全文 »
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 …
Mastercard and JPMorgan to Bring B2B payments on Blockchain 查看全文 »
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 …
Bakong blockchain provider Soramitsu partners Nigerian public research body 查看全文 »
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 …
UAE’s RAKBANK uses mBridge wholesale CBDC solution for Chinese payment 查看全文 »
Image by Ledger Insights Last year Barclays published a report on the “functional equivalence” of central bank digital currency (CBDC). In other words, the need for a CBDC and commercial bank money to have similar functionality. While that may seem obvious, there’s a fair bit of work to be done for a CBDC to deliver …
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 …
Swift plans to settle digital securities transactions using Swift payments 查看全文 »
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 …
China mulls how to incentivize CBDC adoption by payment providers, consumers 查看全文 »
