CfC St. Moritz’s Post

Really excited to see this happening! Allowing licensed financial institutions to issue #stablecoins is going to help lower the cost and settlement cycle of cross-border transfers and remittances. Get ready to see new business opportunities and innovations in this space. Congrats StraitsX !! #digitalcurrency #defi #digitalasset #crypto #blockchain #cryptocurrency #decentralization

Hong Kong FinTech Week kicks off with new Web3 focus: tokenisation and cross-border payments: Hong Kong officials unified around the city's commitment to Web3 development at this year's FinTech Week, touting the expansion of blockchain, ...

Blockchain is reshaping the payment landscape by providing secure, faster, more transparent, cost-effective solutions. Its decentralised nature and the ability to optimise transactions have proven beneficial across all types of payments — from peer-to-peer to treasury cross-border transactions. But for all these currencies to work in tandem, they must be part of an interoperable landscape. Discover what this could look like in this article: https://lnkd.in/e6XD4C8N #blockchain #interoperability #payments

Blockchain-based payments hold considerable promise for delivering seamless financial transactions. As Web3 and blockchain technology expand and mature, doubts arise concerning their potential for widespread adoption in financial services. Rita Martins, author of Web3 in Financial Services and editor of the weekly publication Web3 Crossroads, offers her thoughts on the subject. Martins, the former Global Head of FinTech Partnerships at HSBC, recently spoke with Convergelive from Money20/20 about the technological developments, opportunities, and problems that Web3 and blockchain present in payments and financial services. Read More: https://lnkd.in/ghicZ5xD

Just read a fascinating article about the future of money that emphasised how important it is for various digital currencies and financial technology to work together. It promotes an ecosystem in which tokenized assets, stablecoins, and other digital currencies like CBDCs can exist side by side and function properly. This vision lays the groundwork for a more innovative, efficient, and accessible financial future. Highly recommend giving it a read for a concise overview of what lies ahead in digital finance. #CBDCs #Digitalcurrency #DigitalFinance #Interoperability #TokenisedAssets #FutureOfMoney #FintechInnovation

“On 8 March 2019, through the issuance of secondary regulation (Regulation 4/2019) applicable to banks and Electronic Payment Funds Institutions (known as IFPE or e-money issuers), Banxico narrowed the scope of the 'virtual asset' definition, by mandating that a virtual asset has three elements: it is a unit of information that does not represent ownership or title to any underlying asset, that is unequivocally identifiable, even in a fractional form, and that is electronically stored; it has issuance controls that are defined by predetermined protocols to which third parties may adhere; and it has underlying protocols that restrict the replicas of the same unit of information or its fractions from being transferred more than once at a given time.3 The narrowed concept of virtual assets, which is clearly based solely on the characteristics of a virtual asset as currency excludes other types of digital assets, such as utility tokens or security tokens, and fails to encompass other niche applications of blockchain technology, most notably, NFTs.”

Conflux Network introduces AxHKD, Hong Kong Dollar-Backed Stablecoin "AxHKD, will be launched initially on the Conflux public blockchain, and utilizes world-class distributed ledger technology and..." #blockchain #blockchaintechnology #crypto #stablecoins https://lnkd.in/gvaU67vW

"The challenge that not only us, but the entire industry is very motivated to address is interoperability of various blockchain based infrastructures. For example, tokenised securities and cash for most part exist on different networks that are currently not compatible – this hinders unlocking benefits around settlement and other post trade efficiencies, and will prevent the realisation of the full potential of this technology." - Shobhit Maini, Co-Head of Digital Assets, Global Markets, Citi. We agree, Shobhit. That's why #interoperability is a core element of our DNA and the first challenge we addressed with our platform, #Overledger. Learn about our principles: https://lnkd.in/eRbTN9PC Find out how Overledger solves the problem of interoperability: https://lnkd.in/eRDXKbuC Read about how we have tackled settling transactions on different networks: https://lnkd.in/ezrKnRxt