Malaysia, Thailand Join Singapore’s Cross-Border Payment Push

TLDR Malaysia and Thailand join Singapore’s BLOOM initiative as policymaker members. The initiative focuses on cross-border payments using stablecoins and tokenized bank deposits. Ripple, Visa, Mastercard and the World Bank Group are among the participating organizations. Ripple and Unloq plan to test automated trade payments using RLUSD on the XRP Ledger. Central banks will examine [...]

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