DP World supports the adoption of online payment solutions "Stablecoins"
Davos, January 23, 2017 – DP World has confirmed its cooperation with global financial institutions and technology service providers to address the challenges facing global trade in the long term, which include poor efficiency in cross-border payment systems. The group designed an initiative aimed at facilitating and accelerating the completion of international commercial transactions, and enabling companies in emerging economies to flourish and keep pace with developments in an increasingly interconnected world, through the group’s cooperation with companies in Singapore, India, the UAE, and other major markets, to provide payment solutions. Instant and transparent across borders, backed by what are now known as “stablecoins”. Sultan Ahmed Bin Sulayem, Chairman and CEO of DP World Group, said: “By offering stablecoin-based payment solutions, we not only seek to fill a critical gap in the trade ecosystem, but we also confirm our commitment to innovation and leadership in the landscape.” Global commercial. He added that this initiative is in line with DP World’s broader mission of enhancing trade flow and economic development in the regions most in need of such initiatives.
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