SWIFT, the backbone of global banking communications, is moving closer to blockchain. The network is now working with Linea, an Ethereum Layer 2 developed by Consensys, to test migrating its payment messaging system on-chain. The project, revealed by The Big Whale, involves more than a dozen of the world’s largest financial institutions, including BNP Paribas and BNY Mellon. If successful, the trial could mark one of the biggest technological shifts in international banking since SWIFT first launched in 1973. SWIFT Brings Banking Giants to the Table SWIFT is not experimenting in isolation. The pilot already includes heavyweight banks such as
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