Bank for International Settlements tests digital cross-border payments prototype with seven central banks
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Bank for International Settlements tests digital cross-border payments prototype with seven central banks
The successful implementation of Project Agor could reshape global financial systems, enhancing efficiency and influencing CBDC adoption timelines. The post Bank for International Settlements tests digital cross-border payments prototype with seven central banks appeared first on Crypto Briefing.
[Brussels, Kyodo] The Bank for International Settlements (BIS, headquartered in Switzerland) announced on the 27th that it has successfully developed a prototype of a new, highly efficient international payment system. The project involves the Bank of Japan and major central banks in the US and Europe. It is expected to accelerate and reduce costs for cross-border inter-company payments and is ready for practical use.
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