Sentence examples for settling payments from inspiring English sources

Stablecoins have the benefits of distributed ledger technology, providing speed and convenience in accessing other currencies and settling payments in potentially a global market.

Still, over time the influence of the renminbi will surely rise.The process could be hastened by America's increasingly restrictive rules on foreigners settling payments through America's financial system, or even through foreign banks with American businesses.

He estimates that settling payments between airlines and travel agents costs about $1 an electronic ticket, compared with $10 with paper, a system that required physically moving coupons to processing centers around the world.

The details as to how FiSync does this are complicated, but the short of it is that Dwolla built an alternative infrastructure for moving and settling payments that bypasses ACH altogether.

But Ludwin said you could imagine, instead of banks running the network, Fedwire, the current system for electronically settling payments between member banks, being reconstructed on a blockchain for which banks hold keys to make transfers.

All of the tech companies said they back the government agency being behind the development of the system that would connect all banks and credit unions in the U.S. The Fed is trying to ascertain if there is support for a 24-hour-a-day network for settling payments in real time or if the private sector should create it on its own as it has been doing.

They stay away from shipping and handling, settling payment — that sort of thing.

It has long been a stone around Romania's neck, paying no tax, piling up debts of $1.2 billion, and propping up other loss-making state industries with subsidised steel.Lately Mr Nastase has taken his "new, improved Romania" on the road, regaining some credibility for it in Germany and amicably settling payment, he says, on a $4 billion debt with Sweden.

SWIFT does not initiate transfers, hold customers' money, or clear or settle payments.

The NCBs in the Eurosystem settle payments between one another through their "Target2" accounts.

Target2 accounts are used to settle payments between the national central banks in the Eurosystem.