Project Agorá is entering a new stage as the Bank for International Settlements (BIS) gets ready to test real-value transactions on its blockchain-based cross-border payments system. Some of the most powerful central banks and financial organisations in the world are now involved in the program, according to Bloomberg, marking a significant advancement in the modernisation of global payments infrastructure.

The project unites private-sector companies like JPMorgan, UBS, Visa, and Mastercard with organisations including the European Central Bank, the Bank of Japan, the Bank of England, and the Federal Reserve Bank of New York. Just the amount of engagement demonstrates how seriously the banking sector is taking blockchain-powered settlement systems.

• Project Agorá Moves Beyond Theory With Real-Value Transactions
• Unified Ledger Design Targets Atomic Settlement
• Major Central Banks & Financial Firms Join the Initiative
• Blockchain Cross-Border Payments Enter a New Institutional Phase