Trade Finance and Programmable Money
To identify the types of programmable money that are taking the lead in cross-border payments, why they are the greatest contenders, and to determine if some countries are more likely to use specific types of programmable money over others to have a better understanding of the cross-border use of programmable money.
- R3 is a popular type of blockchain, which uses a platform called Corda for transactions. It is considered one of the main contenders in cross-border payments.
- Examples of companies or banks that have used this type of blockchain are Barclays and the Bank of Thailand.
- Furthermore, R3 has worked with Swift, which has a long history of making cross-border payments possible. This has been seen as beneficial for Swift, as a way to stay current in a market increasingly dominated by blockchain.
- In September 2019, R3 and Mastercard announced a joint venture to facilitate cross-border payments.
- R3 has expanded its presence around the world, with approximately 50 companies using its technology for cross-border payments.
- Countries like France, Qatar, and the United Kingdom are among those in which R3 has a strong presence through its allied firms and banks.
- In addition to this public search, we scanned our proprietary research database of over 1 million sources and were unable to find any specific research reports that address the goals.
Proposed next steps:
You need to be the project owner to select a next step.