✉news BusinessBanking first seen 8 h ago, last 4 h ago, peak #25
ECB Seeks to Link TIPS Payment System With Brazil's Pix
The European Central Bank is seeking to connect its TIPS instant payment system with Brazil's Pix, the fast-growing instant payment platform run by the Brazilian central bank. A direct link would allow faster, cheaper cross-border payments between the euro area and Brazil, one of the world's largest economies. The move reflects growing interest among central banks in interlinking national instant payment systems internationally.
Why now: A potential link between two major central bank payment systems would mark a significant step in international instant payments.
European Central BankTIPSPixBrazil
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Evidence
- ECB Seeks to Link TIPS Payment System With Brazil's Pix · Cryptonews.net
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