{"id":79034,"date":"2024-09-07T09:01:30","date_gmt":"2024-09-07T09:01:30","guid":{"rendered":"https:\/\/www.cryptocabaret.com\/?p=79034"},"modified":"2024-09-07T09:01:30","modified_gmt":"2024-09-07T09:01:30","slug":"largest-japanese-banks-to-use-swift-linked-stablecoin-system-for-cross-border-payments","status":"publish","type":"post","link":"https:\/\/www.cryptocabaret.com\/?p=79034","title":{"rendered":"Largest Japanese Banks to Use SWIFT-Linked Stablecoin System for Cross-Border Payments"},"content":{"rendered":"<p><img width=\"768\" height=\"432\" src=\"https:\/\/www.cryptocabaret.com\/wp-content\/uploads\/2024\/09\/4de1d1dd-774f-4876-8b66-40a00e3a0dcf-768x432.jpg\" class=\"attachment-medium_large size-medium_large wp-post-image\" alt=\"Largest Japanese Banks to Use SWIFT-Linked Stablecoin System for Cross Border Setlements\" decoding=\"async\" loading=\"lazy\" srcset=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2024\/09\/4de1d1dd-774f-4876-8b66-40a00e3a0dcf-300x169.jpg 300w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2024\/09\/4de1d1dd-774f-4876-8b66-40a00e3a0dcf-1024x576.jpg 1024w, https:\/\/www.cryptocabaret.com\/wp-content\/uploads\/2024\/09\/4de1d1dd-774f-4876-8b66-40a00e3a0dcf-768x432.jpg 768w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2024\/09\/4de1d1dd-774f-4876-8b66-40a00e3a0dcf-190x107.jpg 190w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2024\/09\/4de1d1dd-774f-4876-8b66-40a00e3a0dcf-380x214.jpg 380w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2024\/09\/4de1d1dd-774f-4876-8b66-40a00e3a0dcf-760x428.jpg 760w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2024\/09\/4de1d1dd-774f-4876-8b66-40a00e3a0dcf.jpg 1280w\" sizes=\"auto, (max-width: 768px) 100vw, 768px\">The largest Japanese banks\u2014MUFG, SMBC, and Mizuho\u2014plan to use a stablecoin-based system to facilitate cross-border payments in the future. The initiative, Project Pax, replaces correspondent banks with blockchain technology, linking it to SWIFT to allow users to initiate payments conventionally using regular banking rails. Japanese Banks Aim to Ditch Intermediaries for Blockchain-Based Stablecoin System Traditional [\u2026]<\/p>\n<p class=\"wpematico_credit\"><small>Powered by <a href=\"http:\/\/www.wpematico.com\" target=\"_blank\" rel=\"noopener\">WPeMatico<\/a><\/small><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The largest Japanese banks\u2014MUFG, SMBC, and Mizuho\u2014plan to use a stablecoin-based system to facilitate cross-border payments in the future. The initiative, Project Pax, replaces correspondent banks with blockchain technology, linking it to SWIFT to allow users to initiate payments conventionally using regular banking rails. Japanese Banks Aim to Ditch Intermediaries for Blockchain-Based Stablecoin System Traditional [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":79035,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[309],"tags":[],"class_list":["post-79034","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/posts\/79034","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=79034"}],"version-history":[{"count":0,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/posts\/79034\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/media\/79035"}],"wp:attachment":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=79034"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=79034"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=79034"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}