Nd Seamless Connectivity Between Any Business It System And Regulated Digital Currencies At The Davos Launch Event 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 General , Marika Lulay , Red Date Technology , Digital Payments Network , Deutsche Bank , World Economic Forum , Universal Digital Payments Network , Standard Chartered , East Asia , Use Case , Jan 25 , 023 Prnewswire Launched At Davos During The World Economic Forum Week , He Universal Digital Payments Network Udpn Isa Dlt Underpinned Messaging Backbone Focused On Providing Interoperability Between The Fast Growing Number Of Different Regulated Stablecoins And Cbdcs , Nd Seamless Connectivity Between Any Business It System And Regulated Digital Currencies At The Davos Launch Event , Epresentatives From Leading Global Financial Institutions Deutsche Bank , Standard Chartered , The Bank Of East Asia , Nd Akbank Discussed The Rapidly Evolving World Of Digital Currency , He Importance Of Interoperability , Nd 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 , Ncluding The Launch Ofa Udpn Sandbox In July Last Year , 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 , Nd Payment Scenarios The First Two Pocs Will Involve Global Banks Testing Udpn 39s Digital Currency Cross Border Transfer And Swap Transaction Capabilities , Nd Also How The Critical Quot Travel Rule Can Be Easily Implemented On Udpn Between Two Financial Institutions For Anonymous Stablecoin Transfers Network Was Developed With Contributions From Global It Engineering And Solutions Provider Gft , Ecentralised Cloud Infrastructure Company Red Date Technology ,