#Payments Network News

Singapore: MAS Partners JP Morgan to Develop Blockchain-Enabled Payments Network

November 11, 2019 by Aisshwarya Tiwari at Blockchain

Singapore’s financial regulator, the Monetary Authority of Singapore (MAS) has entered into a partnership with Wall Street titan JP Morgan Chase and Temasek to develop a distributed ledger technology-powered (DLT) multi-currency payments network. This, according to a report by Finance Magnets, November 11, 2019. Part of Project Ubin In a...

Japan Seeks to Develop SWIFT Payment Equivalent for Cryptocurrencies

July 19, 2019 by Edoardo Vecchio at Finance

Japan’s government is working on the creation of a new international network for payments based on cryptocurrencies in order to fight money laundering inside the region, according to an article posted July 18, 2019 by Reuters. The network would be an alternative to the SWIFT Network used commonly by financial...