Tag: Cross-Border Payments

Through its banking arm, Sony plans to launch a U.S. dollar-backed stablecoin that could play a significant role in the ...

As the race to compete in cross-border payments increasingly shifts toward stablecoins, Klarna has announced its own version, the KlarnaUSD. ...

Total stablecoin transactions reached $10 billion in August, up from $6 billion in February. In July, the United States passed ...

For decades, typically large regional or money center banks served as correspondent banks that enabled smaller banks to offer cross-border ...

Leaders from the world’s largest economies developed a roadmap to improve cross-border payments four years ago, but those objectives now ...

BNY Mellon is exploring the use of tokenized deposits to enable its institutional clients to make payments over blockchain rails. ...

The Swift messaging system has long been a central player in improving international transactions, and the network now has its ...

The correspondent banking model, which has dominated cross-border payments for years, is—at best—a deeply flawed system. It relies on manual ...

As the next step in its peer-to-peer (P2P) payments platform, PayPal is launching a feature that enables users to send ...

The latest entity to consider minting its own stablecoin is Early Warning Services, the consortium of seven major U.S. banks ...