BIS, Ripple Team Up To Make Cross-Border Payments Faster And Cheaper
Portfolio Pulse from Murtuza Merchant
The Bank for International Settlements (BIS) has launched a new initiative, the Payments Interoperability and Extension (PIE) task force, to improve cross-border transactions. Blockchain-powered payment platform Ripple (CRYPTO: XRP) will participate in the task force, alongside other major entities like Mastercard Inc (NYSE:MA). The task force aims to enhance accessibility to payment systems, extend their operational hours, and establish connections among various payment systems.
August 10, 2023 | 7:03 pm
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Mastercard is participating in the BIS's PIE task force, which aims to improve cross-border transactions.
Mastercard's participation in the BIS's PIE task force could potentially enhance its global payment services, which may positively impact its stock in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Ripple is participating in the BIS's PIE task force, which aims to improve cross-border transactions.
Ripple's participation in the BIS's PIE task force could potentially enhance its blockchain-powered payment platform, which may positively impact its value in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70