India's Ambitious Plans for Instant Cross-Border Payment System Expansion
The Reserve Bank of India (RBI) is setting significant changes in motion with its initiative to enhance its cross-border payments platform, primarily aimed at providing instant settlements with trading partners across the globe. In an age where instant transactions are…
UBS Launches Blockchain System for Faster Cross-Border Payments
Swiss bank UBS has taken a significant step in modernizing the financial landscape with the introduction of UBS Digital Cash, a blockchain-based payment system designed to enhance cross-border transactions. This innovative solution is not just another digital payment method; it…
Major Banks Collaborate on New Digital Currency Platform
In a significant development within the financial sector, forty of the world’s leading commercial banks have initiated a digital currency pilot program known as the Agora project. This collaboration, which includes the New York Federal Reserve as well as central…
