#udpn

[udonangya]

熱田区金山町１丁目の、目利きの銀次 金山南口駅前店で、マグロはらも漬け丼 647 、ミニうどん180、〆て827円也。

Soysource marinated tuna rice bowl and mini Udon noodles soup at the Kanayama branch of Mekikino_Ginji, Icchome, Kanayamacho, Atsuta ward, Nagoya city.

[sparkycinnamon]

No but seriously imagine it:

You’re seeing The Matchstick Knights on a concert. Everyone is having a great time. The Matchstick Knights seem a little excited. “We have a surprise for you guys.” Cucumber Raspberry Popsicle says. All of a sudden UDPN come out and start singing “cards to your chest.” When Cola Mentos gets to the chorus, someone else starts singing… “If one day I left you alone, I bet you wouldn't notice.” Lights flash everywhere, and you see TMK singing “cards to your chest” along with UDPN, while TFH is singing “left you alone”. Everyone in the crowd is going wild and crying. Then if things couldn’t get any better, Reese's Mallow Top and Chocolate Ornament walk onto stage and kiss, holding the gay flag.

[samdrews]

Red Date Technology, the technical architect for China’s state-backed Blockchain-based Service Network (BSN), has launched the Universal Digital Payments Network (UDPN) to facilitate interoperability between stablecoins and central bank digital currencies (CBDCs) for cross-border payments. Announced at the World Economic Forum in Davos, the UDPN project aims to enable businesses from various countries to conduct transactions and settlements using regulated digital currencies, according to its white paper.

The project has been compared to the SWIFT network, the primary system for global interbank money transfers, but it seeks to make stablecoins and CBDCs compatible and interoperable. Unlike Ripple, which works with private financial institutions, the UDPN is intended to connect diverse digital currencies. While Red Date also develops the Blockchain Service Network (BSN), the UDPN white paper does not mention China’s digital yuan (eCNY).

The UDPN is expected to establish a common standard for CBDCs and stablecoins, similar to SWIFT's role for traditional financial messaging. From January to June, several "global Tier 1 banks" will participate in proof-of-concept trials to explore how UDPN can integrate digital currency into business, banking, and payment systems. Though the participating banks were not named, representatives from Deutsche Bank, HSBC, Standard Chartered, and Bank of East Asia attended the launch event.

One UDPN proof-of-concept test will focus on how two commercial banks can manage and circulate a token-based CBDC using UDPN infrastructure. However, Red Date notes that this use case is experimental due to the limited number of CBDC implementations worldwide.

4o

[primorcoin]

New Post has been published on https://primorcoin.com/china-backed-blockchain-project-proposes-swift-alternative-for-stablecoins-and-cbdcs-finance-bitcoin-news/

China-backed Blockchain Project Proposes SWIFT Alternative for Stablecoins and CBDCs – Finance Bitcoin News

The company developing China’s blockchain network wants to create a system for international settlements with stablecoins and state-issued digital currencies. The plan is to establish a platform facilitating the use of these two fiat-based digital assets in foreign trade.

Company Behind China’s Blockchain Push Aims to Make Stablecoins and State Coins Interoperable

Hong Kong-based Red Date Technology, the designer of China’s state-backed Blockchain-based Service Network (BSN), has launched a new project to implement both stablecoins and central bank digital currencies (CBDCs) in cross-border payments.

The initiative was announced this week at the World Economic Forum (WEF) in Davos, Switzerland, the South China Morning Post reported. The future platform, called Universal Digital Payments Network (UDPN), should ensure the interoperability between the two types of tokens.

The goal is to allow businesses from different countries to “transact and settle in different regulated digital currencies,” the UDPN whitepaper explains. Further elaborating on its intentions, the government-backed firm wrote:

Just as the SWIFT network created the original common standard for messaging between financial institutions across different settlement systems, the UDPN will serve the same purpose for the emerging generation of CBDCs and stablecoins.

SWIFT, or the Society for Worldwide Interbank Financial Telecommunication, is the most common system for interbank transfers globally. But it has been seen as a leverage for the West which, for example, cut off Russian banks from the network following Moscow’s invasion of Ukraine.

Both Russia and China have sought greater autonomy from SWIFT. Since 2014, the Russian government has been developing its System for Transfer of Financial Messages (SPFS) while in 2015 Beijing launched the Cross-Border Interbank Payment System (CIPS).

Also, the People’s Bank of China issued a digital yuan, currently the most widely used CBDC with trials expanding in a number of regions. A digital ruble is in the making with the Russian Federation accelerating the schedule for its launch amid Western sanctions.

Red Date said that a number of global Tier 1 banks will participate in a series of proof-of-concept trials that will take place between January and June. It did not specifically name them but representatives of Deutsche Bank, HSBC, Standard Chartered, and the Bank of East Asia were present at the UDPN event.

The company launched BSN in 2020, together with the state-owned telecom giant China Mobile, bank-card clearing service Unionpay, and the State Information Centre, a government think tank. Its main purpose is to facilitate the implementation of blockchain in corporate IT systems.

Tags in this story

Alternative, Bank, banks, Blockchain, Blockchain Project, CBDC, CBDCs, China, chinese, CIPs, cross border, Digital Currencies, foreign trade, Interbank, international, Payments, Red Date, Settlements, SPFS, Stablecoins, Swift

Do you think the new Chinese platform for stablecoin and CBDC settlements will gain support among major banking institutions? Share your expectations in the comments section below.

Lubomir Tassev

Lubomir Tassev is a journalist from tech-savvy Eastern Europe who likes Hitchens’s quote: “Being a writer is what I am, rather than what I do.” Besides crypto, blockchain and fintech, international politics and economics are two other sources of inspiration.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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[mycryptoposts]

Davos- introduced blockchain job intends to be the ‘SWIFT’ of stablecoins and CBDCs #cryptoposts #crypto #usa #business #money #success #cryptomarket #money #bitcoin #forex #investment #millionaire #wealth #invest #trading #cryptocurrency #investing #finance #forextrader #financialfreedom #crypto #investor #blockchain

[truthblockchain]

Bridging The Gap Between Stablecoins And CBDCs

A Hong Kong-based blockchain company has launched a digital payments system aimed at bridging the gap between stablecoins and central bank digital currencies (CBDCs).

Red Date Technology, the blockchain infrastructure firm that is also leading one of China’s blockchain efforts, launched the Universal Digital Payment Network (UDPN) on Jan. 19 during the World Economic Forum (WEF) 2023 meeting in Davos, Switzerland.

Tech engineering company GFT Technologies and the digital asset creation engine TOKO from law firm DLA Piper are also contributors to UDPN development.

[rnewspost]

Chinese state company to build SWIFT-like bridge for stablecoins and CBDCs

Red Date Technology, a technical mastermind behind China’s state-backed blockchain-based Service Network (BSN), is coming up with a new initiative. It will bridge stablecoins to central bank digital currencies (CBDCs) to facilitate seamless cross-border payment solutions.  The Universal Digital Payment Network (UDPN) was first announced on Jan. 19, when Red Date revealed its whitepaper during…

[lauranews]

Blockchain UDPN targets SWIFT analogues for stablecoins and official digital currencies.

At the World Economic Forum in Davos, Red Date Technology announced the Universal Digital Payments Network (UDPN) blockchain platform, designed to provide global circulation of stablecoins and central bank digital currencies (CBDC). The project will provide transactions and other operations with various digital currencies subject to regulation… Detail: https://bitcoingrandee.com/posts/308 NEWS

[cryptosnewss]

Chinese blockchain firm launches the 'SWIFT' of stablecoins and CBDCs at Davos

A Hong Kong-based blockchain company has launched a digital payment system aimed at bridging the gap between stablecoins and central bank digital currencies (CBDCs). Red Date Technology, the blockchain infrastructure company that is also leading one of China’s blockchain efforts, launched the Universal Digital Payments Network (UDPN) on January 19 at the World Economic Forum (WEF) meeting. 2023…

[udonangya]

日清のどん兵衛MUGうどん きざみきつねと、佐藤水産 鮭ルイベ載せご飯。

Mug udpn noodles and Seasoned salmon rice bowl.

[sfc-paulchambers]

#whywouldntyou ? (at Spring Hill, Tennessee) https://www.instagram.com/p/Ce6fux-uDPN/?igshid=NGJjMDIxMWI=

[samdrews]

The World Economic Forum (WEF) has unveiled the Universal Digital Payments Network (UDPN) for stablecoins and Central Bank Digital Currencies (CBDCs) at Davos 2023. Developed over two years with contributions from GFT, Red Date Technology, TOKO, and DLA Piper, UDPN aims to enable interoperability among various digital currencies.

UDPN is a global messaging network designed to support government-regulated digital currency systems, including stablecoins and CBDCs. It promotes financial inclusion by allowing enterprises worldwide to connect with future centralised and decentralised digital currency systems. The network can serve as a distribution platform for digital currencies, facilitating transfers and swaps for enterprise IT systems of all sizes. Governed by a decentralised model with 8 to 24 alliance members, UDPN ensures a permissioned system.

Marika Lulay, CEO of GFT, stated that UDPN aims to explore an alternative to existing payment systems by enabling interoperability between fiat-backed stablecoins and regulated protocols. The network's decentralised nature and the diverse geographical participation of firms, along with advanced technology, distinguish it from other systems.

A sandbox for testing stablecoin transfers and FX transactions began in July 2022. The Davos panel, featuring Deutsche Bank, HSBC, Standard Chartered, The Bank of East Asia, and Akbank, discussed digital currency, interoperability, and infrastructure. Tier 1 banks are expected to join soon to explore proof-of-concept use cases for integrating digital currency with business, banking, and payments.

4o

[digitalmore]

เครือข่ายการชำระเงินดิจิทัลที่เป็นสากล (UDPN) เปิดตัวเพื่อรองรับการชำระเงินดิจิทัลอย่างราบรื่นระหว่างสกุลเงินดิจิทัลธนาคารกลางและสเตเบิลคอยน์ที่มีการกำกับดูแล

BangkokStyle เครือข่ายการชำระเงินดิจิทัลที่เป็นสากล (UDPN) เปิดตัวเพื่อรองรับการชำระเงินดิจิทัลอย่างราบรื่นระหว่างสกุลเงินดิจิทัลธนาคารกลางและสเตเบิลคอยน์ที่มีการกำกับดูแล

เครือข่ายการชำระเงินดิจิทัลที่เป็นสากล (Universal Digital Payments Network – UDPN) ซึ่งใช้การส่งข้อความที่รองรับ DLT เป็นหลัก โดยมุ่งเน้นที่การให้ความสามารถในการทำงานร่วมกันระหว่างสเตเบิลคอยน์แล… อ่านเพิ่ม

เครือข่ายการชำระเงินดิจิทัลที่เป็นสากล (UDPN) เปิดตัวเพื่อรองรับการชำระเงินดิจิทัลอย่างราบรื่นระหว่างสกุลเงินดิจิทัลธนาคารกลางและสเตเบิลคอยน์ที่มีการกำกับดูแล BangkokStyle

from BangkokStyle https://ift.tt/NqPmglO

[akkerina]

Moving In Day 9

I remember eating pancakes for breakfast every now and then when I was growing up. I prefer scone, muffins, walnut bread, etc, and I made these things when I was living in the states. But without an oven (except the oven function of the microwave, which takes up to 40 minutes to heat up to the desired temperature), my options for "fun breakfast" is limited. I think I'll be making a lot of pancakes.

I kneaded bread in a pan and baked it in a rice cooker. It turned out okay. It was legitimately a bread.

Gerbs made udpn for dinner. It could use some experimnts and improvements.

[btcmanager]

Chinese-Backed BSN reveals Plans to Develop a Universal Digital Payment Network

Chinese-Backed BSN reveals Plans to Develop a Universal Digital Payment Network

Chinese backed blockchain project BSN has revealed plans to pilot the adoption of a global CBDC system in 2021. Central Bank Digital Currencies (CBDC) was the major talk in 2020 and it appears that the push will be greater this year. BSN developing a Universal Digital Payment Network (UDPN) BSN revealed its plans for theRead More

https://btcmanager.com/chinese-backed-bsn-reveals-plans-to-develop-a-universal-digital-payment-network/?utm_source=Tumblr&utm_medium=socialpush&utm_campaign=SNAP