BRICS is hardly using the US dollar for trade, as the latest data from the VTB Bank shows that the bloc has settled 60% of cross-border transactions in local currencies.…
According to a paper from Ural Federal University, the Bank of Russia may use the Ripple network or XRP for cross-border transactions. The paper highlights that in 2018, the bank’s…
BRICS member China’s new payment system, named Cross-Border Interbank Payments System (CIPS), is taking the financial world by storm. The CIPS payment system now supports international transactions in the Chinese…
Somnia, a Layer 1 blockchain developed by UK-based metaverse technology company Improbable, has gone live with its mainnet and introduced its native token, SOMI.The rollout follows a six month testnet…
Ethereum has faced selling pressure and heightened volatility in recent days, testing the resolve of investors after setting fresh all-time highs last Sunday. Since then, ETH has retraced more than…
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In brief
A Solana validator processed blocks with greater than 100,000 transactions per second in an experiment.
The performance improvement was more than 25x the typical throughput of the Solana mainnet.
Key Solana…
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