{"id":1903581,"date":"2023-03-23T06:56:55","date_gmt":"2023-03-23T10:56:55","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/central-bank-tests-spur-global-instant-payment-hopes\/"},"modified":"2023-03-23T07:00:02","modified_gmt":"2023-03-23T11:00:02","slug":"central-bank-tests-spur-global-instant-payment-hopes","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/central-bank-tests-spur-global-instant-payment-hopes\/","title":{"rendered":"Central bank tests spur global instant payment hopes"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">16<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fcentral-bank-tests-spur-global-instant-payment-hopes%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1903581&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p> <br \/>\n<?xml encoding=\"utf-8\" ?><\/p>\n<div class=\"entry-content\">\n<p>Central banks in Singapore, Italy, and Malaysia have spent a year testing a global instant payment network that can be accessed through mobile phones. This has ignited hope for a more efficient and cost-effective way of sending money around the world.<\/p>\n<p>The implementation of a global instant payment system has long been seen as a significant advantage for companies and individuals alike. With over 60 different networks currently available, the process of sending transfers is slow and fraught with difficulties. In light of this, the central banks involved in the tests have identified areas to improve the process.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<\/p>\n<p>The Bank for International Settlements (BIS), which oversaw the \u201cNexus\u201d trials, reports that the three countries successfully sent payments between themselves using only mobile phone numbers. The BIS plans to conduct further trials with Indonesia, Malaysia, the Philippines, Singapore, and Thailand. The ultimate goal is to implement \u201cNexus\u201d around the world.<\/p>\n<\/p>\n<p> (Reporting by Marc Jones; Editing by Mark Potter)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/central-bank-tests-spur\/attachment\/the-headquarters-of-the-bank-for-international-settlements-bis-are\/\"><\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>During the final day of the House Republican Policy Retreat in Orlando, Speaker of the House Kevin McCarthy spoke about the challenges posed by mainland China and its response.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Alvin Bragg, the Manhattan District Attorney, is accused of hiding evidence. Caitlin Sinclair of One America News (OAN) has more on this.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>The chairwoman of the House GOP conference has said that Manhattan District Attorney Alvin Bragg\u2019s targeting of former President Donald Trump makes Trump more popular, just as New York City and the US are bracing for a possible arrest of Trump.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Lawmakers are currently attending the House Republican policy retreat in Orlando, where Speaker of the House Kevin McCarthy is meeting with other members.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Accenture Plc, the IT service company, has released a forecast for third-quarter revenue below Wall Street estimates, citing worries about budget cuts.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Tata Group, the Indian salt-to-software conglomerate, is considering injecting $2 billion into its super app venture to boost its performance.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Huawei Technologies has launched a new smartphone despite continued pressure from the US.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Alphabet Inc.\u2019s Google has announced that it will establish its second cloud region in Italy in a blog post.<\/p>\n<\/p><\/div>\n<p><\/p>\n<hr>\n<p>&#8216;From <a href=\"https:\/\/www.oann.com\/business\/central-bank-tests-spur\/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=central-bank-tests-spur\">&#8220;Central bank tests spur global instant payment hopes&#8221;<\/a>&#8216;<\/p>\n<hr>\n<p><span style=\"font-size:11px\"><em>&#8220;The views and opinions expressed here are solely those of the author of the article and not necessarily shared or endorsed by Conservative News Daily&#8221;<\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON (Reuters) \u2013 A year of tests run by central banks in Italy, Malaysia and Singapore have spurred hopes for a global instant payments network accessible at the tap of a mobile phone. The ability to send money quickly and cheaply around the world has long been seen as something of a holy grail for<\/p>\n","protected":false},"author":66,"featured_media":1903583,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[5373,3856,5179,13465,21449,10848,22564,12298],"class_list":["post-1903581","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann","tag-bank","tag-central","tag-global","tag-hopes","tag-instant","tag-payment","tag-spur","tag-tests"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1903581","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1903581"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1903581\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1903583"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1903581"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1903581"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1903581"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}