Posts Tagged ‘Central Bank Digital Currencies (CBDCs)’

In a collaborative effort with BNY Mellon, Deutsche Bank, and four electronic Bills of Lading (eBL) platforms, Swift has successfully trialled an interoperability solution.

According to Ravi Menon, the Monetary Authority of Singapore’s (MAS) managing director, Singapore is set to trial the live issue and utilisation of wholesale central bank digital currencies (CBDCs) in… read more →

In the ever-evolving landscape of international finance, one pressing question looms large: Can Central Bank Digital Currencies (CBDCs) truly transform the realm of cross-border payments? 

The European Central Bank (ECB) has announced further developments in its project to introduce a digital version of the euro.  The Governing Council decided to advance to the next phase… read more →

Cross-border payments can play a special role for people and businesses around the world. They allow us to send money to our loved ones, book a holiday of a lifetime, or start a business in another country. 

Cross-border payments are an essential part of the global economy. Historically, the cost and potential delay of processing have added unnecessary friction to commerce. As payments wait to be settled, gaps in visibility can frustrate both sides of the transaction. 

According to a study released on Wednesday by the US-based Atlantic Council think tank,  130 nations, representing 98% of the global economy, are currently exploring digital variants of their currencies.… read more →

Central Bank Digital Currencies (CBDCs) have infiltrated the agenda of countless innovation meetings at the world’s central banks.

New transaction banking initiatives are changing traditional payment processing paradigms.

On November 15 a group of major banks including Citigroup, HSBC, BNY Mellon, Wells Fargo and the Federal Reserve Bank of New York initiated a 12-week digital dollar pilot.  The… read more →

Trade Finance Global (TFG) sat down with Ameriabank to discuss how shifts in the global trading ecosystem have affected the Armenian economy. 

Cross-border payments are at the core of international finance and economic activity and it have undergone dramatic changes over the past fifty years. 

Stablecoins are a class of cryptocurrency that seeks to provide stability for its users by maintaining its value by pegging it to that of a reserve asset, usually one of the current significant fiat currencies such as the dollar. 

A group of central and commercial banks has successfully tested the integration of wholesale central bank digital currencies (CBDCs)

British Chancellor Rishi Sunak has praised the level of financial cooperation that the G7 achieved under the UK presidency, which is coming to an end this year.