Archive: https://archive.today/7ybeE
From the post:
>A group of central and commercial banks are reportedly stepping up testing of the Agora cross-border payments project.
The effort is being led by the Bank for International Settlements (BIS), Reuters reported Wednesday (Jan. 14), with involvement from the Federal Reserve Bank of New York and central banks from Europe, Korea, Mexico and Japan.
Announced in 2024, Project Agora — from the Greek word for “marketplace” — is a collaborative initiative to develop a multicurrency unified ledger merging tokenized commercial bank deposits with wholesale central bank money, on a programmable platform featuring smart contracts.
The aim is to make cross-border transactions faster and cheaper, with BIS Deputy General Manager Andréa Maechler describing the decision to begin user testing of the Agora platform as “a major milestone” for the project as it attracts greater attention.
Archive: https://archive.today/7ybeE
From the post:
>>A group of central and commercial banks are reportedly stepping up testing of the Agora cross-border payments project.
The effort is being led by the Bank for International Settlements (BIS), Reuters reported Wednesday (Jan. 14), with involvement from the Federal Reserve Bank of New York and central banks from Europe, Korea, Mexico and Japan.
Announced in 2024, Project Agora — from the Greek word for “marketplace” — is a collaborative initiative to develop a multicurrency unified ledger merging tokenized commercial bank deposits with wholesale central bank money, on a programmable platform featuring smart contracts.
The aim is to make cross-border transactions faster and cheaper, with BIS Deputy General Manager Andréa Maechler describing the decision to begin user testing of the Agora platform as “a major milestone” for the project as it attracts greater attention.
(post is archived)