Circle responds to the International Settlement Banks blockchain project Agorá collaborates with seven central banks to simplify crossborder payment processes

Project Agorá recently launched a call for participation from private sector entities, hoping to overcome current payment challenges, especially in cross-border payments, through the collective efforts of public-private partnerships. Cross-border payments will also face 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 under the existing financial framework, the same transaction typically involves multiple intermediary institutions. Project Agorá aims to improve these situations through a “public-private programmable core financial platform.”