Saudi Arabia and UAE to Pilot Cryptocurrency for Cross-Border Payments

Saudi Arabia and the UAE have launched a cryptocurrency aimed at facilitating cross-border payments. The new digital asset was unveiled during the first meeting of the Saudi-Emirati Coordination Council held on January 19, 2019, in Abu Dhabi, according to a WAM report. National Crypto As stated in the WAM press […]

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Hong Kong, Abu Dhabi To Develop Cross-Border Trade Financial Network Using DLT

The Hong Kong Monetary Authority and the Financial Services Regulatory Authority of the Abu Dhabi Global Market will collaborate on FinTech development. On Tuesday, Nelson Chow, chief FinTech officer of the Hong Kong Monetary Authority (HKMA), and Richard Teng, CEO of the Financial Services Regulatory Authority (FSRA) of the Abu […]

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Ripple and OnePay FX – Cross-border payments on the XRP Ledger

Ripple released a live demo of their OnePay FX app on their blog yesterday. The video shows a transaction processing through the settlement app which uses RippleNet to provide fast cross-border transactions.  The app in question uses Ripple’s xCurrent technology, which allows for secure cross-border payments with end-to-end tracking. […]

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Kuwait Finance House adopts Ripple for cross-border payments

One of the largest Islamic banks in the world, Kuwait Finance House [KFH], announced that they would be partnering with financial solutions provider Ripple to provide cross-border payments. It is the first bank in Kuwait to join RippleNet. KFH might possibly be using xCurrent as the product to provide cross-border […]

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Bitcoin (BTC) In For Cross-Border Transaction In South America

A remittance service in Argentina, SWIFT has been deprived the hope of executing cross-border transactions by a small bank in the country after the bank announced that it has embraced Bitcoin blockchain technology, and it will be implementing it in its cross-border transactions. The bank, Banco Masventas, this week pronounced […]

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Uphold Latest Updates – XRP is Live and Instant Cross-Border Payments

Uphold is a company that serves in over 184 countries, across more than 30 currencies and commodities. It offers frictionless foreign exchange and cross-border remittance for its members all over the world. Uphold uses a platform app model and payment connectivity so as to offer financial services to a global […]

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Successful xRadip Pilot to Offer Real-Time Cross-Border Payments

On May 10, 2018, Asheesh Birla, the Senior Vice President of Product Management for Ripple Corporation announced a successful test on the company’s latest project, xRapid. The service is built to make payments between financial institutions faster and thus reduce costs. xRapid Pilot Nears Implementation Ripple is a payment and […]

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