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 Ripple.
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.