Swift Announces Blockchain Initiative to Revolutionize Cross-Border Payments

TLDR Swift has announced the launch of a blockchain-based shared ledger to support 24/7 real-time cross-border payments. The new blockchain ledger aims to enhance scalability and reduce the costs and delays traditionally associated with cross-border transactions. Swift will collaborate with over 11,500 financial institutions globally, transforming the way international payments are processed. The ledger will [...]

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