Malaysia and Thailand Join Singapore’s BLOOM Digital-Money Effort
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Singapore’s BLOOM initiative has added Malaysia and Thailand as participants, with work targeting cross-border settlement and interoperability.
Malaysia and Thailand have joined Singapore’s BLOOM digital-money initiative, according to The Defiant.
The broader participant group also includes Visa, Mastercard and the World Bank Group, bringing payment networks and an international development institution into the effort.
Work under the initiative focuses on frameworks for settling payments across borders and interoperability between systems. The source excerpt did not provide a timetable or details of individual participants’ roles.
Source: The Defiant
