A U.S. blockchain payments firm and a UK financial technology company made news this week with the announcement of their strategic partnership. The partnership will reportedly enable users to send international payments with end-to-end tracking and visibility into fees, delivery time and status through the U.S. firm's global blockchain payments network. According to a blog post, the partnership will employ the U.S. firm's cloud solution and provide access to the UK firm's network of more than 200 financial institutions. Users will reportedly also have the option to use On-Demand Liquidity, which leverages the digital asset XRP for cross-border payments.
According to recent reports, cryptocurrency exchange Binance now accepts fiat deposits through two popular Chinese mobile payment applications. This move reportedly opens the exchange to peer-to-peer digital asset transactions from China. In other recent international news, a partnership between a leading Spanish bank and blockchain startup Vottun plans to launch a single unified digital payment system powered by blockchain to handle payments for city transportation. The new city transportation application reportedly would leverage a blockchain platform to allow Madrid commuters to centrally access and pay for all different modes of public transportation in the city. In Venezuela, the country's largest retail chain recently announced the launch of a bitcoin ATM in one of its stores. The retail chain's bitcoin ATM reportedly only allows customers to buy bitcoin and other digital assets from the machine but does not yet allow customers to trade cryptocurrencies for cash.
For more information, please refer to the following links:
- Samsung Pay and Finablr Announce Cross-Border Payments Partnership
- Ripple to Bring Blockchain Technology to Finastra's Banking Customers
- Binance Now Accepting Fiat Through Alipay, WeChat
- Blockchain unifying public transport payments across Madrid, Spain
- Venezuela's largest retail chain opens its first Bitcoin ATM
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