Latin American and Caribbean countries are directing their economies towards the adoption of cryptocurrencies and CBDC, as an escape route from international sanctions, inflation, the devaluation of their official currency, among other reasons.
Recent reports from the International Monetary Fund…
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International transactions
Ripple completed US $ 50 million investment in MoneyGram
The free software and payment protocol project company, Ripple, announced that it completed an official investment of USD $ 50 million in the MoneyGram remittance platform, to become the owner of a total of 20 million shares from the…
Banesco Panama will enable transfers with ripple
Banesco Panama recently announced that it successfully completed the first test of international transfers, using the ripple network and the blockchain technology. However, the news did not provide details about the date on which the…
EU will reduce the dollar’s preponderance in international trade
The euro should reflect the political, economic and financial weight of the area, to which belong 19 countries of the European Union (EU), as stated by the Vice President of the Commission, Valdis Dombrovskis.
The European executive will…