Within the coming years it may be possible for all Swedish bank customers to make payments to another bank instantly 24/7 every day of the year. This will become possible in that the Riksbank is planning to join the ECB’s payment platform TARGET Instant Payment Settlement (TIPS).
Visa has launched a new network to help financial institutions process cross-border payments globally on behalf of corporate clients faster and at a lower operational cost. The Visa B2B Connect network launch covers 30 trade corridors globally and is expected to expand to 90 markets by year-end.
To let businesses quickly deploy digital payment services, a consortium of major companies is rolling out a new financial innovation platform called b.yond. Global Processing Services, Pannovate, Cornercard, MeaWallet, Modulr, AllPay and W2 Global are founding partners of the consortium in collaboration with Visa.
It’s common knowledge in the crypto market that the circulating supply of Tether has a direct impact on Bitcoin price. So with Tether’s market cap spiking to a new YTD-high right now, should we expect BTC to follow closely behind?
Reinsurer Aon has lined up a panel of insurers to provide cryptocurrency coverage for clients of Metaco, a digital asset custody technology firm. This group of mostly European insurers will offer a crime insurance product to institutions using Metaco’s SILO solution for so-called hot and cold (online and offline) wallets.
Rick Santorum is sitting on the advisory board of a company and soon-to-be digital coin (stablecoin, specifically) called Cathio, a “new payment, remittance and funding platform which provides efficient, secure, and transparent movement of funds within the Catholic world.”
Kookmin and Atomics Lab will develop digital asset custody services that combine Atomics Lab technology and KB Kookmin Bank’s internal control infrastructure and information protection technologie
Posted from Diigo
. The rest of my favorite links are here
Published by kiffmeister
The Kiffmeister is a former Senior Financial Sector Expert at the International Monetary Fund.
View all posts by kiffmeister