Norway supports MiCA, considers CBDC for financial stability
Norges Bank backs the EU’s MiCA regulation while considering a CBDC to enhance cross-border payments and support financial stability in Norway. Go to Source
cross-border payments
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Singapore bolsters fintech hub with Global Finance Technology Network
The GFTN is established as the second phase of Singapore’s fintech growth initiative, which focuses heavily on payments, asset tokenization, AI and quantum computing. Go to Source
HKMA Project Ensemble partners with Brazil, Thailand for tokenization
The Hong Kong Monetary Authority launch Project Ensemble in March and now has at least three countries participating. Go to Source
Paxos debuts new stablecoin payment platform with Stripe
Paxos’ goal is to support assets and chains based on customers’ interests and its own end-user preferences, the company said. Go to Source
Ripple Wins Platinum for Best Cross-Border Payments Platform at Future Digital Awards 2024
Ripple has been named a Platinum Winner for Best Cross-Border Payments Platform in Juniper Research’s 2024 Future Digital Awards for Fintech & Payments. Other winners included Huawei for mobile money, SAP Fioneer for banking-as-a-service, and Paymentology for embedded finance, highlighting a year of varied fintech advancements. Ripple Wins at 2024 Future Digital Awards Juniper Research … Read more
Ripple and Mercado Bitcoin to launch crypto-enabled payments in Brazil
Mercado Bitcoin, one of the largest crypto exchanges in Latin America and a partner of Mastercard, is working with Ripple on crypto-enabled international payments. Go to Source
Ripple receives in-principle license approval in Dubai
Ripple has acquired in-principle financial services license approval from Dubai’s DFSA, moving closer to offering cross-border crypto payment services in the UAE. Go to Source
Hong Kong’s e-HKD project expands into tokenization, programmability
The Hong Kong Monetary Authority is looking at a potential CBDC from a wide perspective. Go to Source
Bank of Korea to Launch CBDC Payment Trial in Supermarkets
South Korea’s central bank, the Bank of Korea, will soon allow participants to use digital tokens for payments at supermarkets and convenience stores in a central bank digital currency (CBDC) trial. Starting in December, 100,000 participants will be part of this test. Retail partnerships and global initiatives like Project Agora highlight the broader impact of … Read more
Lightning Network-Focused Startup Lightspark Sets Its Sights on Latam
Lightspark hopes to enter Latin America’s cryptocurrency market through its partners in the region, including exchanges like Bitso and fintech institutions like Nubank. Nicolas Cabrera, Lightspark’s vice president of product, explained that the company will focus on targeting Latin America’s remittances and cross-border payments market, using its products to streamline these processes. Lightspark Aims to … Read more
