Swift and a group of 17 major global banks are preparing to begin live testing of blockchain-based transactions through Swifts new shared ledger platform, marking another step toward enabling 24/7 cross-border payments using tokenized deposits. The global financial messaging network announced Thursday that the ledger is ready for initial use by participating banks across six continents. The pilot aims to let banks process customer payments overnight, on weekends, and outside traditional banking hours, while final settlement continues through existing payment systems. Among the financial… Read more
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