Quiet Capital’s Post

The world of international payments is about to get a serious upgrade. Global trade is changing, and so is the way we move money across borders. Yes, there can be bumps along the road – currency fluctuations and navigating regulations can feel tricky. But here's the good news: we have the tools to smooth them out. Fintech solutions and partnerships between banks and tech companies are making things faster and easier. Imagine – real-time data and seamless execution for foreign exchange hedging, all without the slow, manual processes of the past. It's a world of lightning speed and laser focus. And the future keeps getting brighter. Blockchain technology holds immense promise for increased security and transparency in international payments. Digitalization initiatives are also making the process smoother and more frictionless. https://lnkd.in/g3kNBd2k #internationalpayments #globaltradeinnovation #blockchainpayments

<Japan Payment Information> Japan's three megabanks are working on a framework for instant international payments that uses blockchain technology on top of existing payment infrastructure, eyeing commercial use next year, Nikkei has learned. MUFG, Mizuho, and Sumitomo Mitsui Banking Corporation – SMBC Group will begin trials as early as this fall with more than 10 other lenders in Japan and overseas. The banks envision the setup as being mainly for transactions between companies, such as trade settlement, with the possibility of consumer usage in the future. #FinCityTokyo #banking https://lnkd.in/gm6h9TDV

41 institutions join BIS tokenized cross border payment Project Agorá - Ledger Insights - blockchain for enterprise https://buff.ly/4et2y3w 41 institutions have recently joined the BIS tokenized cross-border payment Project Agorá, as reported by Ledger Insights. This initiative aims to revolutionize payment systems by leveraging blockchain technology for secure and efficient transactions. The growing participation of institutions signals a strong endorsement of the project's potential to streamline cross-border payments. With more stakeholders coming on board, the project is positioned to make a significant impact on the financial industry. The collaboration between these institutions showcases a collective effort towards embracing innovative solutions in the realm of payments. #BlockchainInnovation #DigitalPayments

The Bank of Ghana's recent rollout of digital credentials for international trade and CBDC payments marks a significant milestone in global finance. Collaborating with the Monetary Authority of Singapore, this pilot project exemplifies the transformative power of digital credentials in overcoming trade barriers, particularly for SMEs in developing countries. Digital credentials are not just a local innovation but a global necessity, driving economic growth by ensuring trust and efficiency in cross-border transactions. As we continue to witness such advancements, it becomes clear that digital credentialing is the future, enabling seamless, secure, and verifiable interactions across the globe. https://lnkd.in/dC29j8Er #DigitalCredentials #GlobalTrade #FinTech #Blockchain #DigitalTransformation #EconomicGrowth #SMEs #Innovation #Finance #CBDC

41 institutions join BIS tokenized cross border payment Project Agorá - Ledger Insights - blockchain for enterprise https://buff.ly/4et2y3w 41 institutions have recently joined the BIS tokenized cross-border payment Project Agorá, as reported by Ledger Insights. This initiative aims to revolutionize payment systems by leveraging blockchain technology for secure and efficient transactions. The growing participation of institutions signals a strong endorsement of the project's potential to streamline cross-border payments. With more stakeholders coming on board, the project is positioned to make a significant impact on the financial industry. The collaboration between these institutions showcases a collective effort towards embracing innovative solutions in the realm of payments. #BlockchainInnovation #DigitalPayments

Cross-border trading using digital credentials!! The Bank of Ghana (BoG) and the Monetary Authority of Singapore (MAS) have completed the first proof of concept (POC) for Project DESFT (Digital Economy Semi-Fungible Token), which demonstrates the use of digital credentials in international trade and cross-border payments. - Project DESFT (Digital Economy Semi-Fungible Token), which demonstrates the use of digital credentials in international trade and cross-border payments. -enhance Ghanaian MSMEs' participation in international trade through a trusted credential system. #verifiablecrendials #blockchain #tradefinance #supplychain Indicio GS1 India Bijoy Peter Hyperledger Supply Chain & Trade Finance SIG Decentralized Identity Foundation Trust Over IP Foundation https://lnkd.in/dRpsqRmz

This partnership aims to promote cross-border payments and enhance financial cooperation between the two countries using digital currencies. https://lnkd.in/gUasF4mU #fintech #China #Thailand #CBDC #banking #blockchain

This partnership aims to promote cross-border payments and enhance financial cooperation between the two countries using digital currencies. https://lnkd.in/gUasF4mU #fintech #China #Thailand #CBDC #banking #blockchain

This partnership aims to promote cross-border payments and enhance financial cooperation between the two countries using digital currencies. https://lnkd.in/gUasF4mU #fintech #China #Thailand #CBDC #banking #blockchain

𝗝𝗮𝗽𝗮𝗻'𝘀 𝗠𝗮𝗷𝗼𝗿 𝗕𝗮𝗻𝗸𝘀 𝗟𝗲𝘃𝗲𝗿𝗮𝗴𝗲 𝗦𝗪𝗜𝗙𝗧 𝗮𝗻𝗱 𝗕𝗹𝗼𝗰𝗸𝗰𝗵𝗮𝗶𝗻 𝗳𝗼𝗿 𝗜𝗻𝘀𝘁𝗮𝗻𝘁 𝗣𝗮𝘆𝗺𝗲𝗻𝘁𝘀 🔹 𝗕𝗹𝗼𝗰𝗸𝗰𝗵𝗮𝗶𝗻-𝗣𝗼𝘄𝗲𝗿𝗲𝗱 𝗜𝗻𝘁𝗲𝗿𝗻𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗧𝗿𝗮𝗻𝘀𝗳𝗲𝗿𝘀: MUFG (Mitsubishi Financial Group), Mizuho Financial Group, and Sumitomo Mitsui Financial Group are collaborating on a blockchain framework for instant cross-border payments using stablecoins. 🔹 𝗦𝘁𝗮𝗯𝗹𝗲𝗰𝗼𝗶𝗻𝘀 𝗳𝗼𝗿 𝗦𝗽𝗲𝗲𝗱 𝗮𝗻𝗱 𝗘𝗳𝗳𝗶𝗰𝗶𝗲𝗻𝗰𝘆: The integration of stablecoins tied to various currencies will enable transactions in under a second, dramatically reducing costs and time compared to the traditional SWIFT system. 🔹 𝗖𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗲-𝗙𝗼𝗰𝘂𝘀𝗲𝗱 𝗦𝗼𝗹𝘂𝘁𝗶𝗼𝗻: This initiative, aimed primarily at corporate transactions, involves collaboration with over 10 domestic and international lenders, marking a significant move towards blockchain adoption in banking. 🔹 𝗕𝗿𝗶𝗱𝗴𝗶𝗻𝗴 𝗧𝗿𝗮𝗱𝗶𝘁𝗶𝗼𝗻𝗮𝗹 𝗦𝘆𝘀𝘁𝗲𝗺𝘀 𝘄𝗶𝘁𝗵 𝗕𝗹𝗼𝗰𝗸𝗰𝗵𝗮𝗶𝗻: By leveraging SWIFT infrastructure, the banks avoid major new investments while preparing for broader blockchain adoption, positioning themselves for growth in the projected $182 trillion cross-border payments market. Source: https://lnkd.in/ekx95sAJ For more weekly insight and thought-provoking analysis, ensure you get your copy at 𝗗𝗶𝗴𝗶𝘁𝗮𝗹 𝗕𝘆𝘁𝗲𝘀: https://lnkd.in/ev-WMFzG. Make sure you sign up to get your weekly analysis. #Blockchain #Stablecoins #CrossBorderPayments #Japan #Fintech #Innovation