SWIFT enrolls 3 central banks in CBDC interoperability beta test, expands sandbox
The bank messaging network has seen a dramatic increase in processing speed and is developing technology to connect CBDCs.
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Unfazed by SEC tumult, top banks work to make blockchains interoperable
Swift, the interbank payments network, has enlisted a dozen world-class institutions — and Chainlink — to fix blockchain’s interoperability deficit.
Chinese Yuan Overtakes US Dollar as Most Used Currency to Settle Cross-Border Payments in China
The Chinese yuan is now China’s most used currency for cross-border settlements. According to official data from the State Administration of Foreign Exchange, the Chinese yuan rose to be the…
Putin, Xi Vow to Use Yuan as Russia and China Move to Settlements in National Currencies
As part of the talks that Russian president Vladimir Putin and Chinese president Xi Jinping are currently conducting in Russia, Russia has vowed to move to use the Chinese yuan…
SWIFT moves to next phase of CBDC testing after positive results
According to a recent survey by the OMFIF Digital Monetary Institute that was cited by SWIFT, 24% of central banks will introduce a CBDC within the next couple of years.
Crypto Biz: $470B bank enters crypto — Probably nothing, right?
Another major financial institution has signaled its intent to offer Bitcoin and Ether services to its clients.
SWIFT says it has reached a ‘breakthrough’ in recent CBDC experiments
"For CBDCs, our solution will enable central banks to connect their own networks simply and directly to all the other payments systems in the world through a single gateway," said…
Is payments giant SWIFT preparing for a blockchain-bound future?
Are TradFi and DeFi converging, moving toward a middle ground that includes tokenized assets, interoperability and regulation?
SWIFT partners with Chainlink for cross-chain crypto transfer project
The project will connect SWIFT's network to nearly every blockchain to allow traditional finance players access to digital and traditional assets on the one network.
SWIFT and Symbiont announce corporate data blockchain pilot
The message-system processes over five billion transactions a year and seeks to maintain its relevance by integrating disruptive technologies to its business.