Swift to ‘streamline’ cross-border payments with DLT framework
Swift to launch blockchain proof of concept later this year
Global payment messaging firm Swift has teamed up with a number of transaction banks to “streamline” its cross-border payments messaging system using distributed ledger technology (DLT).
In a statement released on April 25, Swift said it was developing a proof of concept application that will test whether DLT can be used to improve the reconciliation of correspondent bank nostro accounts in real time.
“The nostro DLT proof of concept… allows us to explore how this maturing technology can
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