BIS and banks build blockchain cross-border payments prototype
Published on: May 28, 2026, 6:34 a.m. | Source: The Economic Times
Global financial institutions are set to test a new digital system for cross-border payments. This project, involving major banks and central banks, aims to make international money transfers faster and cheaper. The system will use blockchain technology for quick settlements. Officials emphasize getting the technology right before a full rollout. This initiative could significantly change how global finance operates.
