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By PYMNTS  |  October 11, 2024 Russia reportedly aims to create a new system for cross-border payments between BRICS countries. A report that includes this plan was published ahead of an annual BRICS summit that will be held Oct. 22-24, Bloomberg reported Friday (Oct. 11). BRICS includes as members Brazil, Russia, India, China and South

[New York, October 2024] Men's sunscreen, an essential skincare product formulated specifically for male skin, plays a critical role in promoting skin health amid rising awareness about sun protection. This segment has gained significant traction as more men recognize the importance of shielding their skin from harmful UV rays. The men’s grooming market continues to

Key Takeaways Blockchain can transform digital advertising by increasing transparency, reducing fraud, and eliminating excessive intermediary fees. On-chain solutions empower publishers, advertisers, and users alike, fostering a fairer and more efficient ad ecosystem. The digital advertising industry must embrace blockchain to rebuild trust, streamline processes, and unlock greater stakeholder value. In today’s digital advertising space

(Bloomberg) -- Russia is proposing changes to cross-border payments conducted among BRICS countries aimed at circumventing the global financial system, as the heavily penalized country seeks to sanctions-proof its own economy. The alternatives include developing a network of commercial banks that can conduct such transactions in local currencies as well as establishing direct links between

The EU’s DLT Pilot Regime came into force in March 2023, relaxing certain legislation to support DLT-based securities trading and settlement and allowing direct retail access to investments. It’s taken 19 months, but now the Central Securities Depository Prague (CDCP) is the first to have the official authorization to launch on November 18. We’re aware

Homepage > News > Business > ECB calls for digital revolution in capital markets The European Central Bank (ECB) calls for a coordinated approach to digital assets and distributed ledger technology (DLT) as part of a broader effort to establish a “digital capital markets union” for Europe. In a landmark speech at the Bundesbank Symposium

Japanese startup Gu Group said it signed a memorandum of understanding with Aozora Bank to ‘consider’ issuing stablecoins. Japan has three different types of stablecoins, with banks capable of issuing two of them – either deposit tokens or trust-based stablecoins where the assets are ring-fenced and held on behalf of the issuer. This agreement is

By PYMNTS  |  October 10, 2024 Citi says its Token Services for Cash program has gone live after a pilot phase. The new commercial solution, announced Thursday (Oct. 10), processes multimillion-dollar transactions and offers clients “24/7, always-on” cross-border liquidity and payments between participating Citi branches.  The tool was created with a private and permissioned blockchain