Circle Joins Agorá a Blockchain Initiative by the Bank for International Settlements in Collaboration with Seven Central Banks to Simplify CrossBorder Payment Processes

Project Agorá is currently seeking the participation of private businesses, aiming to overcome the challenges in today’s payments, especially in cross-border payments, through the collaborative efforts of public and private partners. Cross-border payments face various challenges such as different legal, regulatory, and technical requirements, operational hours, and time zone differences. Additionally, the complexity of implementing financial integrity controls (such as anti-money laundering and customer verification) increases as transactions often involve multiple intermediary institutions within the existing financial framework. Project Agorá hopes to improve these situations through a “public-private programmable core financial platform.”