Tag "bank of canada"

Singapore and Canada Successfully Trials Cross Border Payments with Central Bank Backed Digital Currency

There’s a growing number of central banks taking a serious look at blockchain and distributed ledger technologies of late. The Bank of Canada and the Monetary Authority of Singapore (MAS) have conducted a successful experiment on cross-border and cross-currency payments

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The Future of Cross-Border Transfers Could Be Central Bank-Backed Digital Currency

As we slowly but surely move towards a global village into a reality, the overall value of cross-border payments is also expected to rise by 5.5% yearly, increasing from US$22 trillion in 2016 to US$30 trillion in 2022. Yet, according

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