Opinion
Stablecoins break down key barriers in cross-border payments, empowering small businesses and enabling financial inclusion.
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SWIFT News
SWIFT, or a Society for Worldwide Interbank Financial Telecommunication, is a co-operative organization that is the provider of the SWIFT network — a standard for exchanging transaction information between financial institutions. SWIFT was founded in 1973 in Belgium. SWIFT is currently used by most international banks and is famous for its secure and trusted network. That being said, SWIFT has its flaws and is investing in the further development the system. With multiple blockchain competitor companies like Ripple, which plans to speed up and establish the highest level of security in banking transactions, SWIFT is actively working on implementing blockchain technology into their protocol. SWIFT’s blockchain tests have already been conducted and have showed very good results. However, SWIFT’s team concluded that distributed ledger technology should be improved in order for it to be implemented into the international banking system.
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Swift, UBS and Chainlink aim to modernize traditional finance by enhancing tokenized fund processes with blockchain.
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SWIFT said it is uniquely positioned to interlink the fragmented digital asset landscape with its forthcoming digital currency trials in 2025.
19512 - News
The Ethereum layer-2 solution is leveraging Chainlink for blockchain interoperability and real-world price data.
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Having shown the application of its connector in complex use cases, SWIFT will continue to increase the connector’s functions.
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Put the technology you already have to new use, SWIFT advised the world. It had itself in mind.
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The digital tenge has been used for everything from free school lunches to tokenizing gold, and there’s more to come.
10540 - Altcoin Watch
LINK outperformed most cryptocurrencies in September, but the recent correction raises questions on the sustainability of the bullish momentum.
7895 - News
The bank messaging network has seen a dramatic increase in processing speed and is developing technology to connect CBDCs.
7481 - Opinion
Ripple Labs built its XRP token on a centralized system. But with legal action against Ripple coming to a close, it could move toward a more open platform.
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SWIFT claims that interlinking existing systems with blockchains is better for the short term than bringing CBDCs together with tokenized assets in a single ledger.
7858 - News
Several top banks around the world are already collaborating with Chainlink to explore applications for the Cross-Chain Interoperability Protocol.
8832 - Follow up
Swift, the interbank payments network, has enlisted a dozen world-class institutions — and Chainlink — to fix blockchain’s interoperability deficit.
5385 - News
According to the Bitcoin custodian, utilizing the USDC stablecoin will allow members to deposit and withdraw funds without fees.
5513 - News
There is no technical reason preventing Russia from creating its own blockchain-based system, blockchain provider Fuse Network’s CEO believes.
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