BIS Explores Tokenized Cross-Border Payments While Coinbase Reintroduces Direct Deposit

The Bank for International Settlements has showcased a prototype using tokenization to improve the efficiency of wholesale cross-border payments. Simultaneously, Coinbase has reinstated direct deposit services for U.S. customers, allowing paychecks to be deposited into crypto accounts. These initiatives highlight ongoing innovation in financial infrastructure and the evolving integration of traditional and digital finance.