BIS two-year project with seven central banks and 40+ institutions delivers prototype settling cross-border payments in seconds, and is now moving to live testing.

(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…

The BIS launched active testing of Project Agorá, a tokenized cross-border payments prototype involving seven central banks and over 40 financial institutions.