Ripple joins BIS cross-border payments task force By Cointelegraph

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© Reuters.

The Bank for International Settlements (BIS) recently announced a cross-border payments interoperability and extension (PIE) task force that includes blockchain-based digital payment network .

On Aug. 9, BIS shared a summary of its PIE task force May 11 meeting, in which it says that the members of the task force will work to “enhance cross-border payments and meet the quantitative targets for cross-border payments endorsed by the G20.” The task force is a part of the BIS Committee on Payments and Market Infrastructure.

Ripple among other members of the PIE task force. Source: BIS