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  • Payment
  • International

BIS launches project on tokenization of cross-border payments

The BIS is embarking on a new project with the primary aim of digitizing cross-border payments. Currently supported by several central banks, the BIS plans to extend its cooperation to private players. The international institution is keen to benefit from the advantages of recent technologies such as blockchain and tokenization, and through this project will consider ways of integrating them into international payments.

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