Swift Advances in Interconnecting Central Bank Digital Currencies with Latest Testing Phase

Swift Advances in Interconnecting Central Bank Digital Currencies with Latest Testing Phase

Swift, the global financial messaging service, is steering ahead in its mission to bolster the interoperability of Central Bank Digital Currencies (CBDCs) by launching a groundbreaking beta solution, currently under evaluation by three central banks. Additionally, over 30 financial entities have engaged in exploring the extensive applications of this solution through a newly introduced sandbox. […]

Successful testing paves way for CBDC use cross-border

Successful testing paves way for CBDC use cross-border

Source: Swift Central and commercial banks see “clear potential and value” in Swift’s pioneering CBDC interoperability solution, following successful testing in a sandbox environment. Central bank digital currencies (CBDCs) are clearly gaining momentum. But as central banks around the world continue to explore the potential use of central bank-backed digital money in their local markets, […]

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