This week, a panel discussion on the next steps for cross-border payments occurred between May 10 and May 11 as part of the Digital Monetary Institute (DMI) symposium in London.

The panel featured representatives from the International Monetary Fund (IMF), RTGS Global Limited, the Bank of Mauritius, and the Ripple blockchain, coming together to emphasize the importance of creating an efficient and innovative global payment system.

James Wallis, the Vice President of RippleX, highlighted the growing interest of central banks in cross-border payments and the potential of blockchain technology to create a more efficient way of exchanging value.

In Wallis’s words, “Every single Central Bank we talk to talks to us about cross-border payments,” indicating a growing acceptance of blockchain technology as a solution to streamline cross-border transactions.