Cross-Border Payment

It is reported that the Joint Office of the Leading Group for the Pilot Work of Digital RMB in Yiwu City has released the \”Work Plan for Deepening the Pilot Work of Digital RMB in

According to reports, according to a press release from the Hong Kong Special Administrative Region government, the Hong Kong Monetary and Financial Research Center, which is responsible for research work under the School of Finance of the Hong Kong Monetary Authority, has released a financial research report titled “The Greater Bay Area Cross Border Payment and Settlement System: Current Practices and Latest Developments.”. According to the report, as the underlying technology of digital currency, 59% of respondents believe that blockchain is a relevant or highly relevant technology to strengthen financial integration in the Greater Bay Area. Respondents believe that blockchain can be used for multiple operations in cross-border transactions, including ensuring the accuracy and security of cross-border payment and settlement information, customer authentication, and AML/CFT review. In addition, the report also shows that as of the third quarter of 2022, the mBridge project involved more than 160 payment and foreign exchange transactions, with a total amount of over 171 million…

On March 14, according to Juniper Research, the total annual value of transactions using the Central Bank Digital Currency (CBDC) will increase from US $100 million to US $213 billion in 2030. In addition, with the development of cross-border CBDC payment system, the proportion of domestic CBDC payment in the total transaction volume will decrease from “nearly 100% in the current pilot stage” in 2023 to 92%. The global CBDC transaction volume will reach US $213 billion by 2030 Analysis based on this information:According to Juniper Research, the Central Bank Digital Currency (CBDC) transaction value is expected to surge from US $100 million in 2023 to US $213 billion in 2030. This staggering growth rate is due to the increasing adoption of CBDCs worldwide. Central banks across the globe have initiated the development of their digital currencies, and some have already launched their pilots with great success. The research further predicts that the development of cross-border CBDC payment systems will…

It is reported that Li Lihui, the former president of the Bank of China, said at the \”2023 Qingdao Jinjialing Financial Talent Conference\” on the 26th that the…

It is reported that Chen Maobo, the Secretary for Finance of the Hong Kong SAR Government, said in his speech on the 2023-2024 fiscal budget of the SAR Governm…

On February 17, the MetaMask developer ConenSys reached a cooperation with the cross-border payment network Mercuryo. MetaMask integrated the Mercuryo service,…