China has made a strategic and quiet move in cross-border payments. They are now based on the digital yuan for transactions with 10 ASEAN countries and six Middle Eastern countries, bypassing the Swift system.
The People's Bank of China has been the entity in charge of connecting the digital RMB,…
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cross-border payments
SEC approves launch of YLDS stablecoin from startup Figure Markets
The startup Figure Markets received approval from the SEC in the United States for the launch of the YLDS stablecoin that will generate interest to encourage its use as a means of payment, especially cross-border.
The new stablecoin “is…
Norway is considering launching a CBDC to stabilize its economy
The Central Bank of Norway is studying the measures necessary for the country's financial stability, including the launch of a CBDC that would contribute to improving cross-border payments.
Although the nation has given its support to the…
BRICS payment system will be adopted by 160 countries
The BRICS group is ready to launch its own payment system, which will be called Brics Pay and which, according to recent data, would be adopted by 160 countries.
The group, made up of Brazil, Russia, India, China and South Africa, has a…
Latin Americans increase their confidence in the crypto ecosystem
Americas Market Intelligence (AMI) published a report on the study regarding the state of cryptocurrencies in Latin America, which revealed a significant increase in the cryptographic system and identified that 18 % of the population shows…