Singapore, Canadian Central Banks Unite on Blockchain Cross-Border Payments

Singapore’s central bank has announced a slew of initiatives during the ongoing FinTech Festival, including a notable partnership with the Bank of Canada on cross-border payments using blockchain. On the second day of the week-long Singapore FinTech Festival today, Ravi Menon, director of the Monetary Authority of Singapore (MAS), Singapore’s central bank and financial regulator, spoke at length about Project Ubin – the central bank’s effort to place a tokenized Singaporean dollar (SGD) on a blockchain.
Центральный банк Сингапура нанял Accenture для разработки прототипа межбанковских блокчейн-платежей

Центральный банк Сингапура нанял Accenture для разработки прототипа межбанковских блокчейн-платежей

Гигант профессиональных консалтинговых услуг Accenture был назначен центральным банком Сингапура главным разработчиком прототипа блокчейн-решения для межбанковских платежей.

Singapore’s Central Bank Hires Accenture for Blockchain Interbank Payments Prototype

Professional services and consultancy giant Accenture has been appointed by Singapore’s central bank to develop a prototype blockchain solution for interbank payments. Earlier this month, the Monetary Authority of Singapore (MAS) – the country’s defacto central bank and financial regulator – revealed the successful development of three different blockchain models for decentralized inter-bank payment and settlements.

Singapore Central Bank Reveals Blockchain Breakthrough in Interbank Payments

A consortium led by Singapore’s central bank has successfully developed three new blockchain prototypes for interbank payments and settlements. In an announcement, the Monetary Authority of Singapore (MAS) – the country’s defacto central bank and financial regulator – revealed details of its ongoing blockchain initiative dubbed “Project Ubin.