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Russian Blockchain Alternative to SWIFT to Prevent Disconnection of Nations, Banks

Post author:MiamiCrypto
Post published:July 13, 2022
Post category:Bank Banking Banks Blockchain blockchain technologies Crypto Cryptocurrencies Cryptocurrency DIstributed Ledger Finance international payments international settlements Messages messaging system network Payments platform Russia russian SPFS swift system University

A Russian university is ready to test its blockchain-based analogue to the global payment messaging network SWIFT, from which Russian banks were cut off as part of Western sanctions. The…

Russia’s Industrial Giant Rostec Announces Blockchain-Based Alternative to SWIFT

Post author:MiamiCrypto
Post published:June 4, 2022
Post category:Banking Banks Blockchain blockchain technology CELLS Crypto Cryptocurrencies Cryptocurrency Digital Currency DIstributed Ledger DLT Finance foreign trade international payments international settlements messaging system national currencies Payments platform Rostec Russia russian Sanctions Settlements swift system trade Ukraine War

Rostec, the Russian manufacturing and technology conglomerate, has developed a system allowing the processing of international settlements and storage of digital currency. The blockchain-based platform has been announced as an…