Taiwanese SMEs lost an estimated $6.6 billion in TRF (targeted redemption forwards) after the renminbi’s devaluation in 2015. The question now is who will pay back this money?
As the upstart blockchain seeks to become part of the cross-border payment firmament, can it really topple Swift's monopoly? CT speaks to Ripple about its push into Asia.
The unmet demand for trade finance services yawns widely reaching more than $1.6 trillion. The ICC concludes banks alone will not solve this desperate issue.