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Swift News

Latest Swift News

SWIFT to connect multiple CBDCs in one platform by 2026
News
Read more - SWIFT to connect multiple CBDCs in one platform by 2026

SWIFT to connect multiple CBDCs in one platform by 2026

SWIFT aims to launch a new platform in the next two years to connect central bank digital currencies to the existing finance system in a bid to boost the CBDC ecosystem. Global financial messaging network SWIFT is planning to launch…
Analyst says XRP may see huge boost in coming days
News
Read more - Analyst says XRP may see huge boost in coming days

Analyst says XRP may see huge boost in coming days

After winning its lawsuit, the Bearable Bull thinks Ripple and XRP are primed for mainstream adoption starting November 19.
Swift to beta test CBDC interlinking solution with central banks
News
Read more - Swift to beta test CBDC interlinking solution with central banks

Swift to beta test CBDC interlinking solution with central banks

Swift says it will test CBDC interoperability alongside three central banks to explore further use cases. Interbank messaging company Swift has entered the second phase of its sandbox experiments with a central bank digital currency (CBDC) as “interest in interoperability…
Swift concludes trial on blockchain interoperability and asset transfer
News
Read more - Swift concludes trial on blockchain interoperability and asset transfer

Swift concludes trial on blockchain interoperability and asset transfer

Swift has shared key findings from its recent experiments on blockchain compatibility
Six Clovers rolls out Versal Network for cross-border payments
News
Read more - Six Clovers rolls out Versal Network for cross-border payments

Six Clovers rolls out Versal Network for cross-border payments

Fintech firm Six Clovers has introduced the Versal Network, a platform built on the Sui blockchain, to enhance the speed, security, and cost-effectiveness of cross-border payments.
SWIFT and Chainlink collaborate for banking blockchain integration
News
Read more - SWIFT and Chainlink collaborate for banking blockchain integration

SWIFT and Chainlink collaborate for banking blockchain integration

SWIFT, the global financial messaging service, is partnering with major banks and Chainlink, a web3 infrastructure provider, to test the integration of public and private blockchains for global banking.
DCMA launches crypto-based CBDC called unicoin 
News
Read more - DCMA launches crypto-based CBDC called unicoin 

DCMA launches crypto-based CBDC called unicoin 

The Digital Currency Monetary Authority (DCMA) has announced the launch of its Universal Monetary Unit (UMU) dubbed Unicoin.
Xapo Bank enables USD Coin (USDC) deposits and withdrawals 
News
Read more - Xapo Bank enables USD Coin (USDC) deposits and withdrawals 

Xapo Bank enables USD Coin (USDC) deposits and withdrawals 

Xapo Bank has announced that its members can now directly deposit and withdraw their USDC stablecoins on its regulated banking platform.
Swift’s phase two CBDC pilot program takes flight
News
Read more - Swift’s phase two CBDC pilot program takes flight

Swift’s phase two CBDC pilot program takes flight

Swift's phase two CBDC pilot program is set to revolutionize cross-border payments by exploring the potential benefits and challenges of integrating digital currencies with Swift's platform.
SWIFT Completes Blockchain-Based Tokenization Pilot With SETL & Others
News
Read more - SWIFT Completes Blockchain-Based Tokenization Pilot With SETL & Others

SWIFT Completes Blockchain-Based Tokenization Pilot With SETL & Others

SWIFT has announced the successful completion of the digital asset tokenization pilot it began late last year in collaboration with SETL, Northern Trust, and ClearStream. The project aims to foster interoperability in the asset tokenization ecosystem, according to a press…
SWIFT Partners up With Symbiont to Pilot Corporate Data Blockchain Project
News
Read more - SWIFT Partners up With Symbiont to Pilot Corporate Data Blockchain Project

SWIFT Partners up With Symbiont to Pilot Corporate Data Blockchain Project

SWIFT, the global messaging system used by financial institutions, announced a collaboration with Symbiont to deliver more accurate data to financial companies via blockchain technology.
How the Blockchain Optimizes Real-Time Liquidity of Nostro Accounts to Reduce Operational Costs
News
Read more - How the Blockchain Optimizes Real-Time Liquidity of Nostro Accounts to Reduce Operational Costs

How the Blockchain Optimizes Real-Time Liquidity of Nostro Accounts to Reduce Operational Costs

A Nostro account is a system that allows a bank to hold foreign currency in another bank. For instance, a US bank may hold some Pounds(UK currency) in a UK-based bank.  The Ideology That Fuels Nostro Accounts The whole idea…
SWIFT Partners with Capgemini to Allow Seamless Crypto Cross-Border Payments
News
Read more - SWIFT Partners with Capgemini to Allow Seamless Crypto Cross-Border Payments

SWIFT Partners with Capgemini to Allow Seamless Crypto Cross-Border Payments

Through a collaboration with Capgemini, SWIFT has announced that it wants to explore the possibility of interlinking domestic and international CBDCs. The move will allow for the seamless cross-border payments of digital currencies. Addressing the CBDC Fragmentation Issue The number…
Ripple, BitPay, Brave, and Others are Making Crypto Transfers Easier with an “Email I.D.”
News
Read more - Ripple, BitPay, Brave, and Others are Making Crypto Transfers Easier with an “Email I.D.”

Ripple, BitPay, Brave, and Others are Making Crypto Transfers Easier with an “Email I.D.”

A newly launched coalition is making transferring cryptocurrencies easier, with the latter infamous for long, oft-complex alphanumeric addresses that lead to misplaced transfers and lost assets. Reaching 100 Million Users On June 18, over 40 technology and crypto-centric companies joined…
European Bank Ditches SWIFT for USDC Stablecoin Citing Faster Transaction Settlement
News
Read more - European Bank Ditches SWIFT for USDC Stablecoin Citing Faster Transaction Settlement

European Bank Ditches SWIFT for USDC Stablecoin Citing Faster Transaction Settlement

A leading European blockchain bank – Bank Frick – is mulling ditching SWIFT for Circle’s USDC stablecoin to execute and settle payments more efficiently, Decrypt reports, June 10, 2020. Bank Frick Embraces Stablecoin USDC Liechtenstein-based Bank Frick the time-tested international…
BRICS Business Council Greenlights the Launch of a Single Cryptocurrency Payment System
News
Read more - BRICS Business Council Greenlights the Launch of a Single Cryptocurrency Payment System

BRICS Business Council Greenlights the Launch of a Single Cryptocurrency Payment System

In a bid to facilitate swift payments between BRICS countries, the BRICS Business Council has proposed the creation of unifying cryptocurrency in a forum in Brazil. The crypto asset will be used as a single payment system for settlements between…