For almost their entire history, despite designs to the contrary, the primary role of cryptocurrencies and digital assets has been confined largely to trading and speculation. But recent advancements in blockchain infrastructure are positioning digital assets as more functional tools for real-world financial transactions. And...
In the history of finance, few tools are as fundamental as the all-mighty ledger. This holds particularly true as it relates to the timeline and trajectory of cross-border payments innovations. From the Age of Discovery and the emergence of bills of exchange, to the cross-border...
Digital payments firm SKUx has wrapped up the first phase of a blockchain-focused partnership with Mondelēz. SKUx is working with the consumer packaged goods giant on a payments innovation project in conjunction with Hedera, an open source enterprise distributed ledger technology (DLT) network, the companies said in a news...
Citi says its Token Services for Cash program has gone live after a pilot phase. The new commercial solution, announced Thursday (Oct. 10), processes multimillion-dollar transactions and offers clients “24/7, always-on” cross-border liquidity and payments between participating Citi branches. The tool was created with a...
August 09, 2024
A recent enforcement action by the Federal Reserve taken against Customers Bancorp and its Customers Bank subsidiary has taken note of the risks and challenges inherent in handling digital assets — and faster payments, too. In the action, announced on Thursday (Aug. 8) and signed by the parties this week, the central bank ordered that […]
March 30, 2018
Is there a buzzier word than blockchain? Attempting to cleave hype from hope and reality from the headlines, PYMNTS’ Karen Webster spoke with Michael Ting, SVP of Digital Markets for...
October 16, 2024
Digital payments firm SKUx has wrapped up the first phase of a blockchain-focused partnership with Mondelēz. SKUx is working with the consumer packaged goods giant on a payments innovation project in conjunction with Hedera, an open source enterprise distributed ledger technology (DLT) network, the companies said in a news release Wednesday (Oct. 16). “The first phase of the innovation project […]
October 10, 2024
Citi says its Token Services for Cash program has gone live after a pilot phase. The new commercial solution, announced Thursday (Oct. 10), processes multimillion-dollar transactions and offers clients “24/7,...
July 30, 2024
The Bank of England (BoE) is conducting a new series of experiments with central bank digital currencies (CBDCs) for retail use. Citing growing innovations and risks in the payments industry,...
February 14, 2024
Citigroup has partnered with Wellington Management and WisdomTree to explore the tokenization of private markets. The collaboration successfully completed a proof of concept on the Avalanche Spruce institutional test Subnet,...
