Solana, Fireblocks, Monad, and others collaborate to promote standardization of cross-chain payments

On November 6th, PANews reported that blockchain projects including Solana, Fireblocks, Monad, and Polygon are collaborating to establish a universal framework for cross-chain payments. The newly formed Blockchain Payment Consortium (BPC) aims to “define a common framework based on the convenience and data requirements of traditional payments to enhance the cross-chain transaction experience of stablecoins.”

The BPC’s mission statement includes addressing the challenges faced when converting between traditional payments and blockchain payments. Currently, members of BPC include the Stellar Development Foundation, TON Foundation, Solana Foundation, Monad Foundation, Fireblocks, Polygon Labs, and Mysten Labs.