**Banking Innovation** 💼: SC Ventures, a subsidiary of Standard Chartered, and Deutsche Bank successfully complete the first PoC test of UDPN (Universal Digital Payments Network), enabling seamless blockchain-based payments and aiming for stablecoin and CBDC interoperability. 💱🔗 #BlockchainPayment #SCVentures #DeutscheBank 🚀💰

📊📈 Exciting News Alert! 🚀🔥 Deutsche Bank has just unveiled the results of its latest survey on Bitcoin! 🌐💼 The findings promise to shed light on the evolving landscape of cryptocurrency adoption and investor sentiment. 🧐💰 Stay tuned for insights into the future of Bitcoin and its impact on global finance! 💡💼 #BitcoinSurvey #DeutscheBank #CryptoInsights 📊🔍

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💵 Deutsche Bank и SC Ventures завершили первые обмены стейблкоинов в сети Universal Digital Payments (UDPN) — аналог SWIFT для связи CBDC и «стабильных монет».
По данным Financial Express, внутрисетевые свопы проводились между USDC и EURS с использованием цифровых кошельков банков.
#DeutscheBank #SCVentures

Deutsche Bank and Standard Chartered Test Interoperability Bridge for Blockchain Transactions 🤝

Hey, crypto community! Some significant news just dropped in the blockchain world. Deutsche Bank and Standard Chartered's SC Ventures are putting a new system to the test that could really shake things up for blockchain-based transactions. Let's dive in and see what's happening! 🏊‍♂️

Key Insights from Binance News

The System: The banks are testing the Universal Digital Payments Network (UDPN), a permissioned blockchain system.

How It Works: The UDPN acts as an interoperability bridge, allowing different types of blockchain networks to communicate with each other.

The Players: The network comprises about 25 organizations, including banks from the U.S, Australia, Latin America, and Europe.

The Process: For cross-border currency transfers, the sending institution transfers the tokenized value into a smart contract managed by the UDPN, which then releases the target currency.

My Analysis
This is a significant step towards a more interconnected and efficient blockchain ecosystem. The UDPN's ability to facilitate transactions across various networks, from stablecoins on public blockchains to CBDCs, is a game-changer. It's exciting to see such major players in the banking world embracing blockchain technology and working towards a more integrated future. 🌐

📊 Poll: Do you think the UDPN will become the standard for blockchain-based transactions?

🗨️ Discussion: How will this interoperability bridge impact the future of blockchain transactions?

#Blockchain #Interoperability #DeutscheBank #StandardChartered #CryptoCommunity

📉💥 **Deutsche Bank's Latest Survey: Bitcoin's Uncertain Future** 💥📉

According to Deutsche Bank's latest survey, there's a mix of optimism and skepticism surrounding Bitcoin's future trajectory. 🤔💰

A significant portion of the 3,600 consumers surveyed believe that Bitcoin may fall below the $20,000 mark by the end of the year, with about a third anticipating this scenario. 😱 This would mean a staggering $50,000 drop from its current price, reminiscent of the "crypto winter" experienced in 2022. ❄️💸

On the flip side, only 10% of respondents foresee Bitcoin exceeding $75,000 by December's end. 📈🚀

Despite the disagreement over price, there's a notable softening of skepticism towards Bitcoin. More than half of the respondents now view cryptocurrencies as an "important asset class and payment transaction method" for the future, a significant increase from previous surveys. 💼💳 Moreover, the number of people dismissing cryptocurrencies as a mere fad has dwindled to less than 1%. 📉➡️📈

While about 40% of respondents remain confident in Bitcoin's prosperity in the years to come, a sizable 38% anticipate its eventual fade away. ⏳👋

As uncertainty looms over Bitcoin's fate, the crypto community must remain vigilant and adaptable to navigate the ever-evolving landscape. 🌍💪 #Bitcoin #CryptoFuture #DeutscheBank 📊🔍

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