BIS Launches Cross-Border Payments Task Force with Ripple!

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The Bank for International Settlements (BIS) has launched a cross-border payments interoperability and extension (PIE) task force that includes the blockchain-based digital payment network Ripple. The PIE task force aims to enhance cross-border payments and meet the targets set by the G20, according to a recent summary of a May 11 meeting. It will also improve access to payment systems and create links between different payment systems. Ripple will work alongside Mastercard and SWIFT on the task force.