Swift to build blockchain-based global payments infrastructure
Partnership with 30 banks will be ‘pivotal’ for global finance, payments messaging network says
Swift has unveiled plans to create blockchain-based infrastructure to facilitate global instant payments, in a move to build “parallel tracks” alongside its existing payment messaging infrastructure.
The organisation said today (September 29) that it would work with a group of more than 30 financial institutions to design and build the ledger. Swift said the aim was to enable real-time 24/7 cross-border payments, starting with a prototype developed by blockchain software firm Consensys.
“It is
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