N Which Multiple Banks Have Been Actively Testing Stablecoin Transfer And Swap Fx Transactionsa Number Of Global Tier 1 Will Participate Ina Series Use Case Pocs This Month Demonstrate How The Udpn Solve Current Future Challenges Integrating Digital Currency Into Daily Business News Today : Breaking News, Live Updates & Top Stories | Vimarsana

DAVOS, Switzerland, Jan. 25, 2023 /PRNewswire/ Launched at Davos during the World Economic Forum week, the Universal Digital Payments Network (UDPN) is a DLT-underpinned messaging backbone focused on providing interoperability between the fast-growing number of different regulated stablecoins and CBDCs, and seamless connectivity between any business IT system and regulated digital currencies. At the Davos launch event, representatives from leading global financial institutions Deutsche Bank, HSBC, Standard Chartered, The Bank of East Asia, and Akbank discussed the rapidly evolving world of digital currency, the importance of interoperability, and the need for an infrastructure to support these developments. TheUDPNhasthepotentialtodrivedownthecostofdigital paymentsand accelerate adoption by banks and businesses of all sizes. Overtwoyearsindevelopment,theUDPNisanadvanced digitalcurrencypayments project that has achieved several significant milestones to date, including the launch of a

Switzerland generalMarika lulayRed date technologyDigital payments networkDeutsche bankWorld economic forumUniversal digital payments networkStandard charteredEast asiaUse caseJan 25023 prnewswire launched at davos during the world economic forum weekHe universal digital payments network udpn isa dlt underpinned messaging backbone focused on providing interoperability between the fast growing number of different regulated stablecoins and cbdcsNd seamless connectivity between any business it system and regulated digital currencies at the davos launch eventEpresentatives from leading global financial institutions deutsche bankStandard chartered