IBM has put itself forward as a viable alternative to Swift and Ripple, launching a new cryptocurrency-powered solution for cross-border payments known as "World Wire".
Facebook has started engaging financial institutions in Africa about possible mobile-payment collaborations, says Carolyn Everson, a vice-president at the social networking group.
As more economies are formulating strategies to move towards a cash-lite or cashless society, authorities in Sweden are starting to get worried about the speed at which cash is going away as a preferred payment method.
Access Bank Plc., the parent company of Access Bank Ghana, will become the largest bank in Africa - by number of customers - when it completes its merger and integration processes with Diamond Bank in Nigeria.
ICF Zurich, an evangelical church from the largest city in Switzerland, has begun accepting voluntary offerings from its members using cryptocurrency. According to its website, the church accepts donations directly via bitcoin (BTC), bitcoin cash (BCH), ether (ETH), ripple (XRP) and stellar lumen (XLM).
Sweden’s financial regulator, the Swedish Financial Supervisory Authority, said it needs to pick up its oversight of Swedish banks when it comes to money laundering.
Retail companies could become the new face of everyday financial transactions once the Revised Payments Services Directive, known as PSD2, goes into effect in the European Union in January.