BIS Project Agorá Advances Continuous Cross-Border Payment Systems
- Cross-Border Payment Innovation: The Bank for International Settlements (BIS) successfully demonstrated the viability of cross-border payment settlement using tokenization through Project Agorá, which is expected to significantly reduce transaction friction and enhance efficiency in international payment systems.
- Atomic Settlement Framework: The atomic settlement framework developed by BIS in collaboration with the Institute of International Finance allows for simultaneous settlement across multiple currencies and regulatory frameworks, ensuring that payment operations either execute simultaneously or completely reverse, thereby reducing settlement risks.
- Multi-Party Testing Participation: The initiative involved seven central banks and over 40 financial institutions, including central banks from the US, UK, and France, showcasing broad support and collaboration among global financial entities for the new payment architecture.
- Future Implementation Plans: Project Agorá will transition to live transaction testing, with BIS anticipating increased private sector participation, further advancing the operational deployment of wholesale settlement and enhancing automation and compliance within payment systems.
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Technical Analysis for BANK
Technical Sentiment Analysis for Lorenzo Protocol (BANK). As of , Lorenzo Protocol (BANK) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 3 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BANK stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, BANK is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Lorenzo Protocol (BANK) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0235 | 0.0279 | 0.032 | 0.0364 | 0.0405 | 0.0449 | 0.049 |
| Fibonacci | 0.0279 | 0.0312 | 0.0332 | 0.0364 | 0.0397 | 0.0417 | 0.0449 |
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