According to BIS, the PIE task force will also improve cross-border payments.
Ripple will collaborate with other members, including Mastercard and SWIFT.
Ripple is now a member of the cross-border payments interoperability and extension (PIE) task group recently launched by the Bank for International Settlements (BIS).
The Bank for International Settlements (BIS) released a report of the May 11 meeting of the PIE task force on August 9. The summary said that the task force members would strive to boost cross-border payments. BIS’s Committee on Payments and Market Infrastructure is home to the task force.
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According to BIS, the PIE task force will also improve cross-border payments by expanding access to payment systems, elongating the operation hours of payment systems, and building linkages between various payment systems.
Ripple, now a part of the task force, will collaborate with other members, including Mastercard and SWIFT, to achieve BIS’s aim of enhancing
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