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A multinational alliance of industry leaders are collaborating on the development of PayID universal payment ID through the Open Payments Coalition. PayID aims to simplify the process of sending and receiving money globally - across any payment network and any currency. PayID is open-source, free, and simple to integrate into existing payment platforms. In addition, it provides an end-to-end travel Rule compliance solution for satisfying both FinCEN requirements and FATF recommendations.

"Our Global Trust Platform offers proprietary solutions for KYC, KYB, KYI, AML and OCR that can be customised for any business need. Implementation is easy through a single Restful API enabling you to address slow and inaccurate manual verification, and achieve global coverage."

"In this article, we discuss the key benefits and potential of CBDCs, provide an overview of the current landscape of projects in early 2022 and present some of the challenges that CBDC deployments will face. One such challenge is the support of offline CBDC payments, and the article is complemented with a position paper from Thales describing how offline CBDC payments could be designed."

The Monetary Authority of Singapore (MAS) published a white paper on the first phase of its Global Layer One (GL1) tokenization initiative. GL1 is envisaged as a public permissioned distributed ledger technology (DLT) network developed by regulated institutions for use by the financial industry across jurisdictions to deploy inherently interoperable digital asset applications, governed by common standards and technology for assets, smart contracts, and digital identities. Financial institutions will be able to develop, deploy and use applications for financial industry use cases along the value chain, such as issuance, distribution, trading and settlement, custody, asset servicing, and payments. The whitepaper details the design principles, objectives, considerations and potential uses of GL1. GL1 plans to expand collaboration with more policymakers, central banks, regulators, international standards setting bodies and financial institutions as work on GL1 progresses.