The Bank of China has shown a machine that converts foreign currencies into digital yuan, China Times reported today.The machine is likely in preparation for the 2022 Beijing Winter Olympics, when the central bank digital currency (CBDC) is set to be introduced to the rest of the world.Users need to link their passports to the transaction, but don’t need a bank account, … [Read more...] about Bank of China Reveals Machine That Converts Foreign Currency to Digital Yuan: Report
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Crypto converts JPMorgan, DBS, Temasek pivot to blockchain for interbank remittances
American investment bank JPMorgan has teamed up with Singaporean DBS Bank and holding company Temasek to develop a blockchain-based interbank remittance system, dubbed Patrior, that aims to soothe some of the most common “pain points” in the sector.“We believe a shared ledger infrastructure such as the Partior platform will change the way payments are cleared and settled, … [Read more...] about Crypto converts JPMorgan, DBS, Temasek pivot to blockchain for interbank remittances