MAS and JP Morgan Develop Blockchain-Based Cross-Border Payments Network

Monetary Authority of Singapore (MAS) has managed to create a new blockchain-based prototype for multi-currency payments, in collaboration with Temasek and JPMorgan. According to the developers, the network could significantly improve numerous aspects of sending payments, including the cost efficiency for businesses. MAS is currently testing its abilities, such as integration with commercial blockchain applications. […]

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MAS, JPMorgan Build Payments System With Inter-Blockchain Connectivity

The Monetary Authority of Singapore (MAS), the city-state’s central bank, has completed development of a blockchain-based cross border payments system that can support a range of currencies. Carried out as part of the ongoing Project Ubin initiative, the prototype platform was developed in partnership with investment banking multinational JPMorgan and Singapore government-owned investment firm Temasek. […]

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Singapore’s Central Bank Wants More Information on Facebook’s Libra Crypto

Singapore’s central bank, the Monetary Authority of Singapore (MAS), is seeking more information from Facebook about its recently unveiled cryptocurrency project, Libra. As reported by Bloomberg, MAS managing director Ravi Menon said at a media briefing on Thursday that his institution has held talks with the social media giant over concerns about how Libra would function, although […]

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