Brazil has forbidden electronic foreign exchange (eFX) companies from using cryptocurrencies to settle overseas remittances. That’s according to a new resolution from the country’s central bank, published last week and flagged Sunday (May 3) in a report by CoinDesk. Under the new rules, set to...
Stablecoins are increasingly being viewed by corporate finance teams as less a disruption than an addition. They are infrastructure, plumbing, pipes, a new rail and so on and so forth. On Wednesday (April 1), for example, blockchain finance firm Ripple introduced a Digital Asset Accounts and Unified...
Foreign exchange (FX) startup OpenFX has raised $94 million in a new funding round. The company’s Series A round, announced Tuesday (March 31), comes as it works to use stablecoins for faster cross-border transactions. Writing on the company blog, Founder and CEO Prabhakar Reddy compared...
Two growth stories have traditionally defined cross-border commerce in the 21st century. The first is the unstoppable reach of the multinational corporate, the large enterprises that simply have no choice but to expand outward and bring with them all the processes and banking relationships that...
June 25, 2025
Watch more: Bank of America Equips Canadian Businesses for Real-Time Treasury Canada’s payments landscape is being recast at high speed, and the once-predictable routines of corporate treasurers are being pushed into the digital fast lane. The change is as much cultural as technological for the practitioners who sit at the center of cash management. “I […]
February 27, 2025
During their respective earnings calls earlier this month, Amazon and Walmart were cautious in their first-quarter 2025 outlooks, reflecting concerns about inflation and slowing consumer spending. Amazon’s projected revenue of...
February 03, 2025
Just a few years ago, cross-border payments were inefficient at best and filled with friction at worst. They were opaque and took days to settle. Additionally, managing foreign exchange costs...
October 30, 2024
Despite the interest rate cuts by the Federal Reserve — 0.5% for the first go-round in September, with more cuts widely expected — the fact remains that the era of...
May 03, 2026
Brazil has forbidden electronic foreign exchange (eFX) companies from using cryptocurrencies to settle overseas remittances. That’s according to a new resolution from the country’s central bank, published last week and flagged Sunday (May 3) in a report by CoinDesk. Under the new rules, set to go into effect Oct. 1, payments between a Brazilian eFX […]
March 31, 2026
Foreign exchange (FX) startup OpenFX has raised $94 million in a new funding round. The company’s Series A round, announced Tuesday (March 31), comes as it works to use stablecoins...
December 09, 2025
Embedded banking provider ClearBank has launched a collaboration with foreign exchange (FX) and payments solutions company Finseta. The partnership, announced in a news release Tuesday (Dec. 9) is designed to...
December 09, 2025
JPMorganChase said BMW has achieved a landmark using its Kinexys payments system. The carmaker has become the first corporation to carry out a fully preprogrammed foreign exchange (FX) transaction using...
