Is payments giant SWIFT preparing for a blockchain-bound future?
Are TradFi and DeFi converging, moving toward a middle ground that includes tokenized assets, interoperability and regulation? Go to Source Powered by WPeMatico
SWIFT
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SWIFT partners with Chainlink for cross-chain crypto transfer project
The project will connect SWIFT’s network to nearly every blockchain to allow traditional finance players access to digital and traditional assets on the one network. Go to Source Powered by WPeMatico
SWIFT and Symbiont announce corporate data blockchain pilot
The message-system processes over five billion transactions a year and seeks to maintain its relevance by integrating disruptive technologies to its business. Go to Source Powered by WPeMatico
Russian Blockchain Alternative to SWIFT to Prevent Disconnection of Nations, Banks
A Russian university is ready to test its blockchain-based analogue to the global payment messaging network SWIFT, from which Russian banks were cut off as part of Western sanctions. The developers say their system would not allow the disconnecting of countries and banks. Russian Developers Create SWIFT Substitute Using Blockchain Experts from the Competence Center … Read more
Russia’s Industrial Giant Rostec Announces Blockchain-Based Alternative to SWIFT
Rostec, 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 … Read more
SWIFT probably won’t exist in 5 years: Mastercard CEO
Michael Miebach, CEO of Mastercard told an audience of blockchain executives that he expects SWIFT to phase out of existence in as little as five years’ time. Go to Source Powered by WPeMatico
SWIFT Is Experimenting With Decentralized Technologies to Allow CBDC Interconnection
SWIFT, 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. … Read more
SWIFT, Capgemini team up to test using the international network for CBDC transfers
The bank messaging service, which dates back to the 1970s, is looking to connect CBDCs to each other and to traditional currencies as it tries to stay up to date. Go to Source Powered by WPeMatico
Finder’s Fintech Specialists Predict XRP Jumping to $2.55 by December 2022
On May 4, the product comparison platform finder․com published a ripple price prediction report that polls 36 fintech specialists. According to findings stemming from the participating panelists, ripple could jump to $2.55 per unit by December 2022. However, the prediction relies on Ripple Labs winning or settling its lawsuit with the U.S. Securities and Exchange … Read more
Co-Founder of Bitmex Predicts Gold Rising to $10K, Bitcoin Marching to $1 Million
On March 16, Arthur Hayes, the co-founder of the cryptocurrency exchange Bitmex, published a blog post called “Energy Cancelled,” which describes the economics behind the ongoing Russia-Ukraine war. Hayes explains in his 26-minute long opinion piece that historians may point to February 26, 2022, as the time in history when the “Petro Dollar / Euro … Read more
