International Payments Bank Selects Ripple for Cross-Border Payments

Developing Payment Systems On August 9, the Bank for International Settlements (BIS) shared a summary of the Task Force on Cross-Border Payments and Expansion (PIE) from its May 11 meeting, where the bank’s general assembly members announced their commitment to “improving cross-border payments and meeting the quantitative targets for cross-border payments approved by the G20.” The task force was launched as part of the BIS Committee on Payments and Market Infrastructures. According to the Bank for International Settlements, the PIE task force will enhance cross-border payments by improving access to payment systems, extending payment system operating hours, and establishing connections between different payment systems, including linking messaging aspects with application programming interfaces.The post International Payments Bank Selects Ripple for Cross-Border Payments appeared first on COINTURK NEWS.