News
Consensys boss Joe Lubin has confirmed that SWIFT will leverage the Ethereum layer 2 Linea blockchain to build its crypto payments ledger.
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SWIFT News
SWIFT, or a Society for Worldwide Interbank Financial Telecommunication, is a co-operative organization that is the provider of the SWIFT network — a standard for exchanging transaction information between financial institutions. SWIFT was founded in 1973 in Belgium. SWIFT is currently used by most international banks and is famous for its secure and trusted network. That being said, SWIFT has its flaws and is investing in the further development the system. With multiple blockchain competitor companies like Ripple, which plans to speed up and establish the highest level of security in banking transactions, SWIFT is actively working on implementing blockchain technology into their protocol. SWIFT’s blockchain tests have already been conducted and have showed very good results. However, SWIFT’s team concluded that distributed ledger technology should be improved in order for it to be implemented into the international banking system.
- News
The integration marks one of the first products to emerge from Swift’s blockchain pilot, demonstrating how existing banking messages execute fund transactions onchain.
6649 - Market Analysis
ETH failed to trade above $4,300, but $547 million in inflows to the spot Ether ETFs highlight TradFi’s position on the future direction of ETH price.
2507 - News
Swift is teaming up with Consensys and over 30 unspecified institutions to build a blockchain-based settlement system for 24/7 real-time cross-border payments.
5299 - Analysis
Ripple is done fighting the SEC, meaning it can focus on its original goal: challenging SWIFT, the world’s money transfer system.
17507 - Altcoin Watch
XRP futures data shows neutral sentiment despite the altcoin’s double-digit price drop from $3.66.
11311 - News
JD.com plans to apply for stablecoin licenses in major countries, aiming to slash cross-border payment costs by 90% and settle in 10 seconds.
14644 - Opinion
Stablecoins break down key barriers in cross-border payments, empowering small businesses and enabling financial inclusion.
3014 - News
Swift, UBS and Chainlink aim to modernize traditional finance by enhancing tokenized fund processes with blockchain.
5219 - News
SWIFT said it is uniquely positioned to interlink the fragmented digital asset landscape with its forthcoming digital currency trials in 2025.
19707 - News
The Ethereum layer-2 solution is leveraging Chainlink for blockchain interoperability and real-world price data.
2691 - News
Having shown the application of its connector in complex use cases, SWIFT will continue to increase the connector’s functions.
8448 - News
Put the technology you already have to new use, SWIFT advised the world. It had itself in mind.
8752 - News
The digital tenge has been used for everything from free school lunches to tokenizing gold, and there’s more to come.
10577 - Altcoin Watch
LINK outperformed most cryptocurrencies in September, but the recent correction raises questions on the sustainability of the bullish momentum.
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