The service might be seen as a possible threat to the real-time payments network offered by Ripple.
Central banks are focusing on domestic CBDC use, even though the implications go beyond borders.
The banks include Citi, Bank of China, BNP Paribas and Deutsche Bank.
Six Clovers is using regulated stablecoins like USDC.
The platform, to be dubbed “Partior,” will seek to disrupt the traditional payments model and the common pain points that come with it.
The BoJ says a set of common rules would lay the groundwork for efficient cross-border payments.
The addition of the dollar-backed USDC stablecoin seeks to bolster Stellar’s standing as a cross-border payments network.
Crypto exchange Bitex wants to decrease costs associated with cross-border banking using the bitcoin blockchain.
During Ripple's annual Swell conference, CEO Brad Garlinghouse announced three firms that will use XRP in commercial cross-border payments.
Thailand's Bank of Ayudhya successfully piloted a cross-border transaction using its own blockchain interledger, it announced Tuesday.
Cryptocurrency trading startup Bitex has trialed a cross-border payments system using bitcoin with an Argentinian bank.
CULedger will use the public ledger version of Hedera’s hashgraph to build a global system for cross-border payments.
The central banks of the United Arab Emirates and Saudi Arabia are reportedly testing a new cryptocurrency for cross-border payments.
Cross-border blockchain use was up for debate during today's Consensus 2017 panels.
A group of international banks is reportedly planning the 2018 launch of cross-border payment services backed by blockchain.