A system of cross-border settlements, secured by the “trust” of all participants
The main reason why the prospects for the widespread use of national financial message systems in international trade are extremely limited is their centralized structure with a single decision-making center and the desire of each state to impose its own standards of exchange protocols. Alexander Grigoriev, Director of Regional Projects and Yury Pripachkin, President, Russian Association of Cryptocurrencies and Blockchain (RACIB), are discussing possible wayouts.
The main reason why the prospects for the widespread use of national financial message systems in international trade are extremely limited is their centralized structure with a single decision-making center and the desire of each state to impose its own standards of exchange protocols. Alexander Grigoriev, Director of Regional Projects and Yury Pripachkin, President, Russian Association of Cryptocurrencies and Blockchain (RACIB), are discussing possible wayouts.Journal: PLUS №11-12 (319-320), 2024
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Read in this issue:
- Russia on the way to a cashless society. Still on the way, or have we already arrived?
- The same odl story?
- International PLUS-Forum “Digital Tajikistan”: Surpassed Expectations
- Trade Representative of the Russian Federation in Tajikistan: “It is necessary to expand cooperation between leading Russian IT companies and government agencies and businesses in the Republic of Tajikistan”.
- PLUS-Forum Retail Central Asia: Key Trends in eCommerce and Retail 2024
- Our readers speak!
- Tokenization of real-world assets through the eyes of the Central Bank
- A system of cross-border settlements, secured by the “trust” of all participants
- New opportunities for business development and counteracting fraud were discussed at the NSPK Technology Conference
- Cryptocurrencies as a tool for cross-border transfers. Pros and cons
- The need for cryptocurrencies regulation in financial sectors
- Security of cryptocurrency exchanges. How to protect your assets
- Is it possible to predict a revolution?
- Foreign vendors have left, processing remains. How is the market developing and what awaits it?
- Biometrics 2.0: development of technologies under Federal Law 572-FZ
- What is RTDF (and how to combat it)
- Cyber vulnerability in the banking and payments industry from a psychologist’s prospective