Finance News – Payment Systems
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BofA CEO confirms bank is exploring stablecoins for potential payment revolution
Bank of America’s investigation into stablecoin technology could enhance transaction speed and reduce costs, potentially influencing the efficiency of processing large-scale financ...
Read Full Article →Revolut Seeks $1B in New Funding at $65B Valuation: FT
Revolut is pursuing a substantial investment round to support its expansion and development of advanced payment technologies within the competitive fintech landscape.
Read Full Article →The crypto revolution remains half-built
Although cryptocurrency use is growing rapidly in developing regions, many users face difficulties accessing their digital assets due to the lack of efficient payment infrastructur...
Read Full Article →ECB to pilot blockchain-based euro settlement system by 2026
The ECB’s upcoming blockchain settlement trial seeks to enhance transaction efficiency and interoperability within the eurozone’s financial infrastructure by integrating distribute...
Read Full Article →Russian ruble-backed stablecoin A7A5 moves $9.3B in four months: report
A ruble-linked digital currency associated with Russia has facilitated transactions totaling more than $9 billion within a recent four-month period, indicating growing utilization...
Read Full Article →Walmart and Amazon eye dollar-pegged stablecoins to cut payment costs: report
Major U.S. retailers are considering issuing digital currencies tied to the dollar to potentially reduce transaction expenses and enhance the efficiency of their payment processes.
Read Full Article →Wall Street back-office giant DTCC mulls stablecoin integration: report
The potential adoption of stablecoins by DTCC could enhance efficiency and reduce costs in global corporate treasury operations and payment processing within financial markets.
Read Full Article →Jack Ma’s Ant International eyes stablecoin licenses in Singapore, Hong Kong
Ant International’s pursuit of stablecoin licenses in key Asian financial hubs reflects an increased focus on integrating digital currencies within regulated financial frameworks.
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