Many improvements to cross-border payments require institutions to overhaul the infrastructure they've spent decades building.
Project Pax by @datachain_en and @Progmat_en takes the opposite approach.
Banks keep their existing setups, and Pax handles the settlement, reducing intermediary fees and FX spreads and providing real-time, 24/7 payment settlement.
We’re scaling @cosmos globally, alongside @Mastercard.
By partnering with one of the largest financial institutions in the world, we are exploring using IBC to move money internationally at warp speed.
Cosmos everywhere.