SWIFT confirms that 17 banks are currently preparing to conduct trials for cross-border payments using technologies similar to cryptocurrencies...



These trials will rely on tokenized deposits across SWIFT's new blockchain-based ledger, enabling banks to transfer funds 24/7.

The list of participating banks includes:

1. ANZ
2. BNP Paribas
3. BNY
4. Citi
5. DBS
6. First Abu Dhabi Bank (FAB)
7. FirstRand Bank Limited
8. HSBC
9. Itaú Unibanco
10. Lloyds Bank
11. Mashreq Bank
12. MUFG Bank
13. OCBC
14. Standard Chartered
15. UBS
16. UOB
17. Wells Fargo

SWIFT notes that its infrastructure moves the equivalent of global GDP every two to three days across more than 200 markets.
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TheBreak
· 16h ago
best of life
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