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SWIFT Begins Testing Blockchain Ledger for Cross-Border Payments
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SWIFT Begins Testing Blockchain Ledger for Cross-Border Payments
SWIFT moved its blockchain ledger for cross-border payments using tokenized deposits into the pilot testing phase. The solution will be tested by 17 international banks. The global financial messaging network SWIFT announced it completed development of its proprietary blockchain ledger and moved the project into practical testing. The solution will be evaluated through live cross-border transfers using tokenized deposits. The new infrastructure serves as a coordination layer between banks’ internal ledgers, enabling customers’ tokenized deposits to move 24/7/365. Final settlement will still take place through...
3 days ago
Ana Bustos García
Ana Bustos García
Media Contributor
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