Cross-Border Payments
Swift Launches Near-Instant Cross-Border Transfers to/from Europe
- CryptoGlobe Writer
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- 2 Dec 2023
The Society for Worldwide Interbank Financial Telecommunication (Swift) has launched an instant payment system that dramatically accelerates cross-border transactions both to and from Europe. This initiative, part of the European Payment Council’s One-Leg-Out Instant Credit Transfer scheme (OCT Inst), operates continuously, bringing a new dynamic to the realm of global financial transactions. As the world’s […]
Future of Cross-Border Payments: IMF’s Vision for a New Infrastructure
- Siamak Masnavi
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- 19 Jun 2023
In a speech delivered on June 19, 2023, in Rabat, Morocco, Tobias Adrian, Financial Counsellor and Director of the Monetary and Capital Markets Department at the International Monetary Fund (IMF), presented a compelling vision for the future of cross-border payments. He outlined a blueprint for a new class of payment and contracting platforms that could […]
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