Swift will add a Blockchain ledger to its infrastructure to enable round-the-clock cross-border payments for global Financial Institutions.

robot
Abstract generation in progress

On September 29, Bloomberg reported that the Society for Worldwide Interbank Financial Telecommunication (Swift) announced in a statement on Monday that it will add a blockchain-based ledger to its infrastructure, and has begun work on the design and construction of this ledger in collaboration with over 30 global financial institutions, including JPMorgan Chase, HSBC Holdings, Bank of America, and Deutsche Bank. The first prototype will focus on real-time, 24/7 cross-border payments and will be built using technology from ConsenSys, a U.S. blockchain software company led by Ethereum co-founder Joseph Lubin.

ETH3.31%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)