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Swedish Krona Continues To Fall Amid Other Currency Upheavals

PYMNTS

The currency decline continues: The Swedish krona fell Wednesday (Aug. The decline comes amid political uncertainty in that Nordic country, the prospect of a widening trade war that could hurt it and increasing attention to the benefits of currency hedging among commerce and payments businesses. Such lows were last seen in 2009.

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Visa, Currencycloud Team To Offer Cross-Border And Travel Payment Services

PYMNTS

In a press release, the two companies said the agreement meshes with Visa’s stated goal to make secure digital payments possible at home and when people are traveling. The two said they will focus on providing solutions that remove barriers to how, where and when consumers can pay internationally.

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IBM And Stronghold Back Stable Digital Coin Stronghold USD

PYMNTS

So-called stable coins, which are pegged to an asset, be it gold or currency, have been growing in popularity as companies try to expand the uses for cryptocurrencies. The tokens could be made available to retail investors in the next few months. Buyers of the digital token deposit U.S. ”

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Meet Facebook Libra’s Founding Architects

PYMNTS

The urgency to develop more efficient infrastructures is being driven by the rise of the global economy, with banks and businesses seeking solutions that enable them to move money between borders swiftly and securely. dollar, and currencies from more than 50 countries, through a local funds transfer. The platform will support the U.S.

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Visa Q2 Earnings: X-Border, Digital Payment Growth Expected

PYMNTS

Visa is pursuing further innovations in infrastructure security for the payments industry. The company recently invested in the crypto storage company Anchorage , which safeguards investors’ digital currency and gives them more control over their assets.

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Thailand’s interest rate at record low

Future CFO

Retail investors will be allowed to invest up to $200,000 a year in foreign securities, without being required to invest via a Thai intermediary institution. Thai investors can trade gold in foreign currencies. There is no restriction on outward transfers, with the exception for a few specific purposes.

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Shedding Light On FX And Supply Chain Risks Amid Cross-Border Payments

PYMNTS

As FinTechs step into the cross-border payments and foreign exchange (FX) management space, there are more solutions available than ever before for corporates seeking to gain speed and security in payments – and manage risk along the way. Adopting real-time business processes has led them to embrace real-time FX management.