Malaysia's central bank and Thailand's central bank join Singapore's MAS BLOOM cross-border digital currency project.

BlockBeats news, October 23, according to the Monetary Authority of Singapore (MAS) page, Bank Negara Malaysia (BNM) and the Bank of Thailand (BOT) have joined the BLOOM (Borderless, Liquid, Open, Online, Multi-currency) initiative as policymaker members.

The three parties will collaborate with industry institutions in their respective jurisdictions to develop a common approach for cross-border use of digital currencies, including how different forms of digital currencies can be accepted, exchanged, and settled across institutions, networks, and jurisdictions.

Additionally, Airwallex, Mastercard, Maybank, Monee, Nium, Ripple, ShopeePay, Visa, and the World Bank Group have also joined BLOOM.