Russia’s Industrial Giant Rostec Announces Blockchain-Based Alternative to SWIFT

Russia’s Industrial Giant Rostec Announces Blockchain-Based Alternative to SWIFTRostec, the Russian manufacturing and technology conglomerate, has developed a system allowing the processing of international settlements and storage of digital currency. The blockchain-based platform has been announced as an alternative to SWIFT, which is unavailable for some Russian banks. Rostec Employs Distributed Ledger Technology to Substitute SWIFT Russian state-owned corporation Rostec has built a […]

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SWIFT Is Experimenting With Decentralized Technologies to Allow CBDC Interconnection

SWIFTSWIFT, the interbank payments protocol and messaging system, has announced it is working to connect the different central bank digital currency (CBDC) protocols in development today. The company has partnered with Capgemini, a digital services provider, making a series of experiments to ensure that the new set of CBDCs have cross-border payments and remittance capabilities. […]

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