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Forget SWIFT: XRP and XLM face a new rival — BRICS launches gold-backed unit for trade payments
BRICS is developing a gold-backed digital “Unit” explicitly designed for cross-border trade. The goal is to reduce dependence on the U.S. dollar, strengthen trade sovereignty, and simplify settlements ...
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Goodbye MT Format—SWIFT Retires Legacy Payments in Favor of Blockchain-Friendly ISO 20022
SWIFT sunsetted the MT (Message Type) format for financial messaging on Saturday, Nov. 22. Having migrated to ISO 20022, global banks are now positioned to accelerate blockchain adoption. ISO 20022 ...
AL-Monitor is an award-winning media outlet covering the Middle East, valued for its independence, diversity and analysis. It is read widely by US, international and Middle East decision makers at the ...
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