Quiet Capital’s Post

Sharing my views on the impact stablecoins are making in transforming global payments. Real world use cases of crypto are finally here - and they begin with stablecoins!!! #transfi #globalpayments #payments #stablecoins #quietcapital

💬 “Stablecoins are transforming the way businesses move money globally—faster, cheaper, and more efficiently.” Raj Kamal, Founder & CEO of TransFi, shares insights on how this new wave of crypto is revolutionizing cross-border payments, with the potential to replace traditional systems like SWIFT. 🌍💱 From reducing costs to offering near-instant transfers, stablecoins are reshaping the financial landscape. With $2.5 trillion in annual cross-border transactions and growing, the future looks bright—but it hinges on clear, sensible regulation to ensure stability and security. Read more about this transformative technology here: https://lnkd.in/gFmxJkcB #TransFi #DigitalInnovation #Stablecoins #GlobalPayments #Fintech

Very insightful Raj Kamal.... Key Insights: A new generation of crypto could replace the rigid and antiquated SWIFT system for international payments. Using stablecoins, businesses can move money around the world almost instantly, with greater certainty, and at lower cost. Because the value of stablecoins is pegged to a national currency, often the US dollar, these digital assets do not fluctuate or invite speculation the way Bitcoin and many other cryptos do. The volume of cross-border payments made using stablecoins has grown tenfold since 2020, to $2.5 trillion annually. To further cement the use of stablecoins and unlock their significant benefits, we need smart, sensible regulation in the US. Stablecoins need to preserve their stability and be protected against criminals, terrorists, and other bad actors who are looking for untraceable ways to move money.

The Bank of Ghana's recent rollout of digital credentials for international trade and CBDC payments marks a significant milestone in global finance. Collaborating with the Monetary Authority of Singapore, this pilot project exemplifies the transformative power of digital credentials in overcoming trade barriers, particularly for SMEs in developing countries. Digital credentials are not just a local innovation but a global necessity, driving economic growth by ensuring trust and efficiency in cross-border transactions. As we continue to witness such advancements, it becomes clear that digital credentialing is the future, enabling seamless, secure, and verifiable interactions across the globe. https://lnkd.in/dC29j8Er #DigitalCredentials #GlobalTrade #FinTech #Blockchain #DigitalTransformation #EconomicGrowth #SMEs #Innovation #Finance #CBDC

The world of international payments is about to get a serious upgrade. Global trade is changing, and so is the way we move money across borders. Yes, there can be bumps along the road – currency fluctuations and navigating regulations can feel tricky. But here's the good news: we have the tools to smooth them out. Fintech solutions and partnerships between banks and tech companies are making things faster and easier. Imagine – real-time data and seamless execution for foreign exchange hedging, all without the slow, manual processes of the past. It's a world of lightning speed and laser focus. And the future keeps getting brighter. Blockchain technology holds immense promise for increased security and transparency in international payments. Digitalization initiatives are also making the process smoother and more frictionless. https://lnkd.in/g3kNBd2k #internationalpayments #globaltradeinnovation #blockchainpayments

<Japan Payment Information> Japan's three megabanks are working on a framework for instant international payments that uses blockchain technology on top of existing payment infrastructure, eyeing commercial use next year, Nikkei has learned. MUFG, Mizuho, and Sumitomo Mitsui Banking Corporation – SMBC Group will begin trials as early as this fall with more than 10 other lenders in Japan and overseas. The banks envision the setup as being mainly for transactions between companies, such as trade settlement, with the possibility of consumer usage in the future. #FinCityTokyo #banking https://lnkd.in/gm6h9TDV

41 institutions join BIS tokenized cross border payment Project Agorá - Ledger Insights - blockchain for enterprise https://buff.ly/4et2y3w 41 institutions have recently joined the BIS tokenized cross-border payment Project Agorá, as reported by Ledger Insights. This initiative aims to revolutionize payment systems by leveraging blockchain technology for secure and efficient transactions. The growing participation of institutions signals a strong endorsement of the project's potential to streamline cross-border payments. With more stakeholders coming on board, the project is positioned to make a significant impact on the financial industry. The collaboration between these institutions showcases a collective effort towards embracing innovative solutions in the realm of payments. #BlockchainInnovation #DigitalPayments

41 institutions join BIS tokenized cross border payment Project Agorá - Ledger Insights - blockchain for enterprise https://buff.ly/4et2y3w 41 institutions have recently joined the BIS tokenized cross-border payment Project Agorá, as reported by Ledger Insights. This initiative aims to revolutionize payment systems by leveraging blockchain technology for secure and efficient transactions. The growing participation of institutions signals a strong endorsement of the project's potential to streamline cross-border payments. With more stakeholders coming on board, the project is positioned to make a significant impact on the financial industry. The collaboration between these institutions showcases a collective effort towards embracing innovative solutions in the realm of payments. #BlockchainInnovation #DigitalPayments

Cross-border trading using digital credentials!! The Bank of Ghana (BoG) and the Monetary Authority of Singapore (MAS) have completed the first proof of concept (POC) for Project DESFT (Digital Economy Semi-Fungible Token), which demonstrates the use of digital credentials in international trade and cross-border payments. - Project DESFT (Digital Economy Semi-Fungible Token), which demonstrates the use of digital credentials in international trade and cross-border payments. -enhance Ghanaian MSMEs' participation in international trade through a trusted credential system. #verifiablecrendials #blockchain #tradefinance #supplychain Indicio GS1 India Bijoy Peter Hyperledger Supply Chain & Trade Finance SIG Decentralized Identity Foundation Trust Over IP Foundation https://lnkd.in/dRpsqRmz

This partnership aims to promote cross-border payments and enhance financial cooperation between the two countries using digital currencies. https://lnkd.in/gUasF4mU #fintech #China #Thailand #CBDC #banking #blockchain