Bank of Italy develops cross-border payments solution
Researchers say their approach enables instant cross-currency international transfers
Researchers at the Bank of Italy have developed a solution to enable instantaneous cross-border payments between different currencies.
In a paper published on October 15, Domenico Di Giulio, Vitangelo Lasorella and Pietro Tiberi propose a model based on a standardised protocol. Their approach “enables the synchronous processing of instant payments across different instant payments systems, thereby preserving the immediacy and user experience that are typical of domestic instant payments, even in
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