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Crypto
DSRV, Nice Information and SBI to test Korea-Japan stablecoin payments
Blockchain infrastructure firm DSRV will work with Nice Information & Telecommunication and Japan\'s SBI Digital Trust to verify a Korea-Japan remittance and payment model using stablecoins. The three companies signed a tripartite memorandum of understanding on Sept. 30 at Nice Information & Telecommunication\'s headquarters in Seoul. They will test a scenario in which Japanese users pay via QR code at Korean merchants and design a settlement structure using stablecoins, targeting completion by end-December.
Finance
Banks may regain lead in cross-border payments on accounts, regulation and trust
An analysis says banks could regain leadership in cross-border payments, a market long led by fintech, by leveraging account infrastructure and regulatory trust. It cites reforms to the Swift payments scheme and international links between countries’ real-time payment networks as key drivers. The piece says banks’ direct control of accounts and deposits, adoption of ISO 20022 messaging and the growing remittance market may strengthen banks’ position, though smaller lenders face higher system costs.
Crypto
Ripple, JPMorgan and Mastercard complete pilot transaction linking XRP Ledger to bank payment network
Ripple, JPMorgan, Mastercard and Ondo Finance completed a pilot transaction linking the XRP Ledger (XRPL) with existing bank payment infrastructure. The pilot showed tokenised financial assets can be settled using both blockchain and traditional financial networks. Ondo Finance said the deal handled redemption of tokenised U.S. Treasuries and U.S. dollar settlement seamlessly across different systems. Ripple called it progress toward a 24/7 global financial market. Market participants viewed it as a sign of XRPL’s institutional use potential.
