While cryptocurrencies are rapidly revolutionising financial systems, the Society for Worldwide Interbank Financial Telecommunications (SWIFT) is trying to prevent their misuse to circumvent sanctions by Russia and China. At the London Digital Assets Summit on May 6, Tom Zschach, SWIFT’s Chief Innovation Officer, laid out how the company is enhancing
Global bank messaging giant Swift has announced that it is set to conduct trial live transactions of tokenized assets and digital currencies starting next year. This marks a significant step towards integrating these assets into the mainstream financial system. The announcement follows the progress made from earlier experiments into practical
Swift, a global member-owned cooperative renowned for its secure financial messaging services, is making significant strides in its quest for Central Bank Digital Currency (CBDC) interoperability. In a notable development, Swift revealed on September 13 that three central banks are currently beta-testing its innovative CBDC connector solution. Simultaneously, 30 financial
Chainlink and SWIFT partnered on a cross-chain interoperability protocol. This project helps to close the barrier between traditional and digital assets. Chainlink (LINK), the price feed provider, has teamed with SWIFT, a global financial messaging, on a cross-chain interoperability protocol (CCIP). This Chainlink’s proof-of-concept (POC) project would offer traditional finance
Russia has even extended the 30 days extension for returning the international debits. The last debt failure was in 1998 for $40 billion during the ruble collapse. Russia seems to be stuck in incessant troubles post the war on Ukraine. Ever since the country invaded neighboring regions, cross-border relationships don’t
MEXC, a global cryptocurrency exchange with a trading engine that can process 1.4 million transactions per second, has announced the support of direct USD deposits following the integration of SWIFT and Fedwire. According to a recent announcement, MEXC clients in North America and Europe can access the service through their
