Stellar (XLM) blockchain-powered cross-border remittance corridor goes live to enable Thailand-Europe payments. Enabling Cross-Border Payments via Stellar Blockchain According to a recent press release, Velo Labs, TEMPO Payments, and Bitazza Thailand have jointly opened up a remittance corridor between 27 countries in Thailand and the EU region. Notably, the aforementioned…
published : 25 May 2021 at 04:00
Central banks in Thailand and Hong Kong have the most mature interbank/wholesale central bank digital currency (CBDC) project in the world, according to a new report by PwC.
The PwC Global CBDC Index 2021 analyses central banks level of maturity in deploying their own digital currency, including tracking their progress and stance on CBDC development.
The index ranks the world s most advanced CBDC projects in terms of retail CBDCs held directly by corporations and citizens, and interbank/wholesale CBDCs restricted to financial institutions for interbank payments and financial settlement processes, according to Vilaiporn Taweelappontong, consulting lead partner and financial services leader for PwC Thailand.
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HK looks to expand cross-border tests of digital yuan
May 14, 2021 | 12:03 am
REUTERS
HONG KONG is in talks with China to expand cross-border testing of the digital yuan after the first phase proceeded smoothly, another step toward wider adoption of the currency.
The Hong Kong Monetary Authority (HKMA) recently conducted tests with the Digital Currency Institute of the People’s Bank of China (PBoC), involving a bank designated by the mainland authority, as well as merchants and bank staff, the HKMA said in an e-mailed response to questions.
“We have tested the use of the related app, system connectivity and certain use cases such as cross-boundary purchases,” it said. “We are discussing and collaborating with the PBoC on the next phase of technical testing, including the feasibility of broadening and deepening the use of e-CNY for cross-boundary payments.”