{"id":140494,"date":"2024-10-25T13:00:21","date_gmt":"2024-10-25T10:00:21","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=140494"},"modified":"2024-10-24T16:46:55","modified_gmt":"2024-10-24T13:46:55","slug":"new-service-to-enable-instant-cross-currency-payments-in-europe","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/new-service-to-enable-instant-cross-currency-payments-in-europe\/","title":{"rendered":"New Service to Enable Instant Cross-Currency Payments in Europe"},"content":{"rendered":"<p>Initially, transactions will support the euro, Swedish kronor, and Danish krone.<\/p>\n<p>Since 2020, efforts to enhance cross-currency payments through Tips have involved active participation from Sweden\u2019s Riksbank and Denmark\u2019s Nationalbank.<\/p>\n<p>Erik Thed\u00e9en, the Riksbank Governor, expressed optimism about reaching this milestone, emphasizing the importance of having a functional infrastructure for cross-currency transactions.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/ripple-and-ibm-team-up-with-turkish-bank-to-boost-crypto-trading\/\" title=\"Ripple and IBM Team Up with Turkish Bank to Boost Crypto Trading\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2023\/07\/turkey-flag-wallpaper-240x170.webp\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Ripple and IBM Team Up with Turkish Bank to Boost Crypto Trading<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>He noted that this initiative aligns with the G20\u2019s objectives to make cross-border payments more affordable, efficient, and secure. The responsibility now lies with the market to develop services that meet public demand.<\/p>\n<p>This European initiative is part of a broader ambition to link domestic real-time payment systems internationally, extending beyond the EU.<\/p>\n<p>On Tuesday, the Eurosystem announced plans to explore the integration of Tips with Project Nexus, a project from the Bank for International Settlements aimed at establishing a centralized connection to global instant payment networks. This will utilize ISO 20022 messaging standards and a set of specially designed APIs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A new service is set to enable instant payments between different Tips currencies and central bank currencies.<\/p>\n","protected":false},"author":3,"featured_media":2452,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[28],"tags":[],"class_list":["post-140494","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fintech"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>New Service to Enable Instant Cross-Currency Payments in Europe<\/title>\n<meta name=\"description\" content=\"A new service is set to enable instant payments between different Tips currencies and 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