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BIS and banks build blockchain cross-border payments prototype
Global financial institutions are set to test a new digital system for cross-border payments. This project, involving major banks and central banks, aims to make international money transfers faster and cheaper. The system will use blockchain technology for quick settlements. Officials emphasize getting the technology right before a full rollout. This initiative could significantly change how global finance operates.
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swissinfo.ch
BIS and Banks Build Blockchain Cross-Border Payments Prototype
(Bloomberg) -- The Bank for International Settlements and a cohort of partners will soon start testing a new prototype for digital cross-border payments with real-value…
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cryptobriefing.com
Bank for International Settlements tests digital cross-border payments prototype with seven central banks
The BIS launched active testing of Project Agorá, a tokenized cross-border payments prototype involving seven central banks and over 40 financial institutions.
