he Bank for International Settlements (BIS) has recently announced the establishment of the Cross-Border Payment Interoperability and Expansion (PIE) Working Group, which includes Ripple, a blockchain-based digital payment network. BIS has announced the members of the PIE special working group, which will be dedicated to "strengthening cross-border payments and achieving G20-recognized quantitative targets for cross-border payments." The working group is part of the BIS Committee on Payments and Market Infrastructures (CPMI). Ripple will work with other working group members such as Mastercard and SWIFT to achieve the BIS's goal of increasing cross-border payment interoperability. (Cointelegraph)