Central Banks/Government – wikipayresearch

RIPPLE JOINS BIS CROSS-BORDER PAYMENTS TASK FORCE

$ Transfers and Digital Payments, 2023, ALL CONTENT, Central Banks/Government, Cointelegraph, Consulting/Implementation, Link, Ripple, Vendor / WikiPay Research

The Bank for International Settlements (BIS) recently announced a cross-border payments interoperability and extension (PIE) task force.

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CBDC WALLETS AND THE SECURITY REQUIREMENTS

2023, ALL CONTENT, Central Banks/Government, GSA, PDF/DOC, Wallets / WikiPay Research

In this publicly available GSA report, authored by Teddy Kyung Lee, central bank digital currency (CDBDC) is defined, and contrasted with crypto. In addition to basic definitions, there is an emphasis on how CBDC wallets must be secured.

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HOW FEDNOW AND FASTER PAYMENTS WILL IMPACT US FINTECH

$ Transfers and Digital Payments, 2023, ACH, ALL CONTENT, Bessemer Venture Partners, Central Banks/Government, Fed Now, Link, Marcel Van Oost, Other Strong Payments Component (e.g., insurance, healthcare), Real-Time Payments, Stablecoin, Venmo, Wallets, Zelle / WikiPay Research

FedNow’s promise of faster payments is not new. Aside from RTP and same-day ACH, we have seen faster payments in a number of forms: closed-loop P2P payments (Venmo, Zelle), wire transfers, stablecoins, and push-to-card. Each varies in settlement type, rail, limit, cost, push/pull capabilities, and transaction limits. This has created an ecosystem where U.S. money movement has become unnecessarily complex. In this white paper by Bessemer Venture Partners they explain that they expect to see more payment-first business models, and a new wave of fraud, and infrastructure to facilitate the patchwork of faster payments in the US.

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