What is Project Nexus?
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In over 70 countries today domestic payments reach their destination in seconds at near-zero cost to the Sender or Recipient. This is thanks to the growing availability of instant payment systems (IPS). Connecting these IPS to each other can enable cross-border payments from Sender to Recipient within 60 seconds (in most cases). Nexus is designed to standardise the way that IPS connect to each other. Rather than a payment system operator building custom connections for every new country that it connects to, the operator can make one connection to the Nexus platform.Conceptualised by the Innovation Hub of the Bank for International Settlements (BIS), it aims to connect the FPSs of four ASEAN countries (Malaysia, Philippines, Singapore, and Thailand); and India. These five countries will be the founding members and first mover countries of this platform.A written agreement was signed by the BIS and the central banks of the founding countries i.e., Bank Negara Malaysia (BNM), Bank of Thailand (BOT), Bangko Sentral ng Pilipinas (BSP), Monetary Authority of Singapore (MAS), and Reserve Bank of India on June 30, 2024, in Basel, Switzerland.The platform is likely to go live in two years i.e. 2026. Once functional, Nexus will play an important role in making retail cross-border payments efficient, faster, and more cost effective.
This article is about the resurrective cloning project. For the game based on the project of the same name, see Madness: Project Nexus (Classic), or it’s sequel MADNESS: Project Nexus. This article is outdated. It will be renovated soon.
Project Nexus is a scientific program aimed at the mass-production of soldiers in Nevada. Phobos was the leader of the project until his death. It is the primary focus of the Story Mode in the game Madness: Project Nexus (Classic). It was formed approximately 30 years prior to the present, and operated for 15 years before it was nearly destroyed in an insurrection. The chief scientist at the time, Dr. Christoff, played a key role in both the program itself and the outbreak.
Most Nexus research was done at the Science Tower. Despite Christoff’s best efforts, many scientists within the Project survived and remained loyal, eventually restarting the Project in MADNESS: Project Nexus under a new banner: Nexus Core.