Circle responds to the BIS blockchain project Agorá collaborates with seven central banks to streamline crossborder payment processes

Project Agorá is currently seeking the participation of private businesses in an effort to address the challenges of today’s payments, particularly cross-border payments. 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 typically involve multiple intermediaries within the existing financial framework. Project Agorá aims to improve these situations through a “public-private partnership programmable core financial platform”.