payments

JPMorgan and UBS Join Blockchain Project to Revolutionize Cross-Border Payments

2 months ago

Major banks such as JPMorgan Chase & Co. and UBS have announced their participation in an innovative project initiated by the Bank for International Settlements (BIS) aimed at transforming cross-border transaction systems using blockchain technology. This move is intended to simplify and expedite international money transfers, which currently often suffer from delays and high fees.

Thailand Approves $4.4 Billion Economic Stimulus Package

2 months ago

The Thai government has approved a substantial $4.4 billion economic support program aimed at stimulating the national economy as it recovers from the pandemic. This decision was made during a Cabinet meeting chaired by the Prime Minister and is intended to improve citizens' living conditions while boosting consumer spending.

UK Chancellor Defends Controversial Cut to Winter Fuel Payments

3 months ago

The UK Chancellor, Rishi Sunak, has faced criticism for the planned reduction in winter fuel payments that assist the most vulnerable populations in the country. Amid rising energy prices and high inflation rates, this move has raised significant concern among citizens and social welfare organizations.

Russia on the Verge of Launching Crypto Payment and Exchange Trials

3 months ago

Russia is preparing to implement a crypto payment system, made possible by significant legislative changes. Notably, the Central Bank of Russia, in collaboration with the Ministry of Finance, has developed a new regulatory framework that allows the use of cryptocurrencies for transactions within the country and with foreign partners.

Swiss Central Bank Launches Instant Payment Scheme on Stock Exchange

3 months ago

The Swiss National Bank (SNB), in collaboration with the SIX Group stock exchange, has announced the launch of a new instant payment scheme that allows for real-time financial transactions. This initiative involves the use of modern software and blockchain technologies to streamline the settlement process between trading parties.