Joe Lubin confirms SWIFT is using Linea to build its new payments system

Conensys boss Joe Lubin has confirmed that SWIFT will leverage the Ethereum layer 2 Linea blockchain to build its crypto payments ledger.

SWIFT — the Society for Worldwide Interbank Financial Telecommunication — will be building its recently announced blockchain payment settlement platform on Ethereum layer 2 Linea, Consensys CEO Joe Lubin has confirmed.

On Monday, SWIFT revealed that it tapped Consensys and over 30 TradFi institutions to build infrastructure for a 24/7 real-time crypto payments system — but didn’t confirm which chain it would build on despite widespread speculation that it would be Linea.

But Lubin confirmed Linea’s selection in a fireside chat with Cointelegraph’s Gareth Jenkinson at the TOKEN2049 conference in Singapore on Thursday.

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