Sora Financial Technologies is connecting Africa and Turkey through faster, more affordable money movement, powered by USDC.For students, families, and small business owners, cross-border payments used to mean days of waiting and high fees.With Sora’s app, people can now send, receive, and convert USDC in seconds, with zero transfer fees.This is what financial access looks like when it’s built for everyone.https://t.co/cijKySHkJA ...

Strategy & Services - Visa launched a Stablecoins Advisory Practice to assist banks, fintechs, and enterprises in stablecoin strategy design and implementation [1] - The service will support use cases like cross-border and B2B payments, indicating Visa's increased focus on stablecoins [1]

Key insights: Visa and Mastercard are expanding their role in cross-border payments. What's at stake: Both card companies are trying to gain more revenue from sources beyond card swipes. Forward look: In other global news, French payment firm Worldline is refocusing is business following regulatory pressure and financial challenges.  Mastercard is partnering with Chinese technology giant Tencent to combine the Mastercard Move funds transfer service with the TenPay cross-border payment rail and the Weixin Pa ...

Key Takeaways Visa's cross-border volume rose 11% YoY in Q4, boosting overall performance.E-commerce transactions grew 13% and travel-related volume rose 10% for Visa.New multi-currency and stablecoin features aim to enhance Visa's cross-border strategy.Visa Inc.’s (V) cross-border business continues to be one of its biggest growth drivers, benefiting from strong demand for international travel and a surge in global e-commerce. As more people resume overseas trips and businesses look to broaden their global ...

RT BSCN (@BSCNews)🚨 @AVAX POWERS THAILAND’S KBANK AND @STRAITSX!Cross-border payments with Singapore go live using blockchain e-money. Crucial details 👇https://t.co/qKiAXRqGiV ...

$ETH bulls,how will you spin it off as bullish for Ethereum?Klarna (@Klarna):Introducing KlarnaUSD, our first @Stablecoin.We’re the first bank to launch on @tempo, the payments blockchain by @stripe and @paradigm.With stablecoin transactions already at $27T a year, we’re bringing faster, cheaper cross-border payments to our 114M customers.Crypto is ...

🔥 BIG: UBS and Ant International are partnering to tokenize deposits for real-time cross-border payments and liquidity across jurisdictions. https://t.co/q9l1WszyGj ...

RT Suku (@Suku_world)Suku and @Chainlink have a shared goal: making Web3 usable at scale.Built for simplicity, our ecosystem bridges everyday digital experiences with blockchain-powered tools:➜ @Suku_Pay modernizes global remittances, already powering cross-border payments in Guatemala via @BancoIndustrial’s Zigi app.➜ SukuWallet allows users to log in with their X account, send crypto using handles, manage NFTs, and pay gas fees in SUKU tokens.➜ @joinRingo introduces on-chain truth to public conversations, ...

ISO 20022 Standard & Timeline - ISO 20022 is a standard for financial messaging that aims to modernize and improve data transmission between financial institutions [1][2] - The shift to ISO 20022 began in November 2022, with a coexistence period ending on November 22nd, marking a significant upgrade in payment infrastructure [6][7][9] - By September, 60%+ of daily payment instruction messages were already using ISO 20022, indicating substantial adoption [10] - The complete migration for all SWIFT-enabled banks is expected by November 2025 [24] Ripple & XRP's Role - Ripple is compliant with ISO 20022 standards, positioning it favorably for integration into global financial networks [2][15][38] - ISO 20022 makes it easier to implement Ripple payments because banks are upgrading their systems to handle ISO 20022 for cross-border payments [18] - Ripple's acquisitions, such as Hidden Road (connecting to 300 institutional players) and G Treasury (connected to 13,000 banks), enhance its potential integration with SWIFT and the broader financial ecosystem [31][32][34] Impact on Financial Institutions & Crypto - ISO 20022 mandates that financial institutions upgrade their systems to accommodate new technologies, including crypto, which can open institutional floodgates [13][14][37] - The standard simplifies connections between networks, enhances interoperability, and automates processes, benefiting tokens positioned as banking infrastructure [5] - Smaller banks can benefit from ISO 20022 adoption by cutting out larger correspondent banks from their flow and cost [23] - The adoption of ISO 20022 facilitates the integration of crypto projects into global financial networks, particularly for cross-border payments and remittances [14]

How I sleep at night knowing I'll be able to send money anywhere in the world for next to nothing, and that it won't take 2-5 business days https://t.co/fGo0ZS0qU7 ...