The total value of B2B cross-border payments immutably stored on blockchain will exceed US$4.4 trillion by 2024 - up from US$171 billion in 2019, according to Juniper Research.
Global payments company Swift is to collaborate with companies and banks in the testing of an enhanced multi-bank standard aimed at further improving cross-border payments experience for multi-banked corporates.
A new blockchain banking solution aimed at helping financial institutions address the processes of universal cross-border payments has been launched by IBM.
Singapore-based cross-border payments provider InstaReM has completed a capital raising of US$13 million, with the funds to be used to build its global payment infrastructure, which it says has grown eight times in volume since its March 2016 funding.
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