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 public call for participation from private sector operators, aiming to overcome current challenges in payments, particularly in cross-border payments, through the joint efforts of public-private partners. Cross-border payments will also face challenges such as different legal, regulatory, and technical requirements, operational hours, and time zone differences. In addition, the complexity of implementing financial integrity controls (such as anti-money laundering and customer verification) increases, as in the existing financial framework, the same transaction usually involves multiple intermediary institutions. Project Agorá hopes to improve these situations through a “public-private programmable core financial platform.”