Stablecoins: The Future of International Money Transfer
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- Опубликовано: 7 авг 2023
- Standard Bank, Shinhan Bank, and Swirlds Labs, cordially invite you to an enlightening webinar featuring a collaboration with industry peers. The focus of this webinar will be on the topical issue of international remittances.
As a testament to their innovative endeavors, these banks have recently embarked on a ground-breaking pilot project. They have leveraged the utility of stablecoin to achieve real-time settlement and integrate real-time foreign exchange (FX) rates. The pilot was conducted using the Thai Baht (THB), New Taiwan Dollar (NTD), and South Korean Won (KRW), replicating a live environment to validate its applicability to present production capabilities.
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#Hedera #Hashgraph #HBAR 
Наука
Hedera to $10 😱
This is HUGE !!!
HBAR to the moon for real. 🚀
Hedera is a sleeping giant.
Not for much longer
Very fast and smooth. Nobody got time to watch live international swift transactions 😅 3-4 days!! Pass.
HBAR will make a lot of people rich. Buy while it’s still cheap.
xrp has been out for years and haven't done swat compared to hbar, imagine.
@TheReal5lim8uggy Well Ripple/XRP has to play catchup now that SEC Lawsuit is done... HBAR has done a good job of not getting sued by anyone yet...
shut up.
If you're sitting on maybe 1/2 million of them. Great tech though~
@@peubs they still could be sued.
HTS and Smart Contract Service...thats lot of revenue coming if so!!!
My portfolio…. Hedera hashgraph, Trías,NXRA, XDC, XRP, XLM, ROSE, API3 and AVAX 💪
Proud HBARbarian 🚀💪
Awesome PoC. Hedera is the future for international payments. Who are the other banks participating in the PoC?
No other banks to my knowledge.
This is GOLD
Coming from someone who HAS lived in Korea (myself) and HAS done remittance transfers. I can vouch this is a BIG difference. If you ever had to send money back home for any reason. Or you’re going back to the states and finished with work… the amount that comes out (fee) is fractions to what it was! This is HUGE!
Thank you for sharing your experience
@@1futur334 Thanks for thanking me ;)
Excellent job 👏👏👏👏thank you so much
HBAR is already #1...it's just that most people don't know it yet. Blockchain is old tech, Hedera is cutting-edge technology that is going to blow by all these wack crypto projects.
With you its like bitcoin its in your face buy I see each hbar between 500-1000 because of the tech and rich people will use it
Blockchain it's not old tech DAG is just an other alternative and complete Blockchain.
Keep building.
Great demo!!!!!!
Maybe this is what Hugo was talking about concerning XRP
Bank of America had a patent on something like the hedera stablecoin (or whatever this is called) but on xrp but the patent was abandoned and nothing ever came of it. As far as I know and taking into account my limited knowledge this hedera cross borders payment/finality/whateverthisis, is the first of its kind to be successful and with major financial players. XRP was supposed to be a cross-border payment solution leading the charge and maybe it still is or will be but people are freaking out because in addition to xrp their favorite crypto (insert favorite crypto here) was supposed to be the ONE to do this but didn't.
XRP is a scam. Get out asap, I’m telling you.
Buy HBAR.
@@ivaniuk123 xrp is a trojan horse.
@@ivaniuk123 You definitely need to do more research. XRP/Ripple is milles ahead of any other money remitance system. Do you realize Ripple has aquare licenses and partnerships all over the world?, has money licenses in 30 States in the US and so forth? When it comes to moving money, is not a easy task. Regulation and adoption are key for thing to happen. If you noticed, this demo, doesn't solve the big issue: Nostro-Vostro account which means, banks have to tie capital to provide settlement. Banks have to manage their own liquidity pools. Ripple has already solve this problem and with the introduction of AMM, Banks and Institutions will have access to pools of liquidity and will not have to use their own capital for settlement wich means, the can invest that capital tied in the Nostro/Vostro accounts.
Good luck sending billions of dollar when to The F Exchange limits is $5000.
Anyways, please don't ignore Ripple/XRP. What they are doing is amazing.
Ans by the way, XRP is the only asset with legal clarity.
So HBAR token with fixed price (stablecoin) as a "bridge currency" ... whats the improvement in regards to XRP? They do the same thing for years ... Their escrow functions as a liquidity pool
The transaction costs will be cheaper on Hedera using hbar, because network fees are always set in fixed USD. Ripple's fees are set with XRP price, which are unpredictable due to price volatility of the toke. Enterprises NEED to know what the cost to transact on a network for the present and future
NW👁️
All the mooning fudge is ridiculous in comments