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#swiftupgrade

swiftupgrade

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Tony Dong 2020
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SWIFT Network officially brings Blockchain into global payment infrastructure🌍 SWIFT Network officially brings Blockchain into global payment infrastructure One of the most notable moves by traditional finance has just been confirmed. After the design phase, SWIFT moved on to deploy an MVP (Minimum Viable Product) for a blockchain-based shared ledger to support 24/7 cross-border payments using tokenized bank deposits. The system keeps the existing compliance standards, risk governance, and payment procedures instead of replacing them.

SWIFT Network officially brings Blockchain into global payment infrastructure

🌍 SWIFT Network officially brings Blockchain into global payment infrastructure
One of the most notable moves by traditional finance has just been confirmed.
After the design phase, SWIFT moved on to deploy an MVP (Minimum Viable Product) for a blockchain-based shared ledger to support 24/7 cross-border payments using tokenized bank deposits. The system keeps the existing compliance standards, risk governance, and payment procedures instead of replacing them.
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