1 / 2 Relevant items tagged with #Swift

Posts

41 firms join BIS Project Agora to advance unified ledger applications

[Sep 16 8:41 PM] The large private companies will work with seven central banks on improving structural inefficiencies in international transfers.

Swift Unveils Plan to Integrate Digital Assets and Currencies Into Global Payment Network

[Sep 15 12:30 AM] Swift has unveiled a plan to enable the movement of digital assets and currencies on its global payment network. The initiative aims to integrate regulated digital currencies into Swift’s platform, building on past experiments. “We’re…

Largest Japanese Banks to Use SWIFT-Linked Stablecoin System for Cross-Border Payments

[Sep 7 4:30 AM] The largest Japanese banks—MUFG, SMBC, and Mizuho—plan to use a stablecoin-based system to facilitate cross-border payments in the future. The initiative, Project Pax, replaces correspondent banks with blockchain technology, linking it to SWIFT to…

Latam Insights Encore: El Salvador’s Proposal Opens the Door for Crypto-Based International Settlements

[Aug 5 10:30 PM] Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency-based news from last week. In this edition, we discuss the recent proposal from El Salvador to settle their trade transactions with…

BRICS Advances Toward Independent Digital Payment Platform, Russian Official Says

[Aug 3 10:16 PM] The BRICS economic bloc is progressing towards a digital payment platform, Russia’s Federation Council Speaker Valentina Matviyenko has revealed. The initiative, named BRICS Bridge, aims to establish an independent financial system. This…

Russian State Duma Deputy Chairman: BRICS SWIFT Counterpart Needed for Creating a New Economic Reality

[Jul 27 7:20 PM] Alexander Babakov, Deputy Chairman of the Russian State Duma, highlighted the need to create a BRICS equivalent to the SWIFT messaging system, which routes payments alongside the current banking infrastructure. Babakov emphasized that this new…

EU Targets Crypto Asset Providers Accused of Aiding Russia in Warfare Against Ukraine

[Jun 26 5:20 AM] The most recent European Union sanctions against the Kremlin prohibit Eurozone operators from engaging with crypto asset providers that facilitate transactions supporting Russia’s defence-industrial base. Additionally, the new sanctions regime…

Companies Turn to Crypto for Payments as G7 and EU Mull Sanctions on Russian SWIFT Equivalent

[Jun 2 2:20 PM] Some Russian companies have turned to using crypto to settle payments and protect themselves from potential secondary sanctions from Western countries. At least two top metal producers have transacted using USDT, the largest stablecoin in the…

Celo integrates Chainlink's CCIP interoperability protocol

[May 29 11:40 AM] The Ethereum layer-2 solution is leveraging Chainlink for blockchain interoperability and real-world price data.

Chainlink-SWIFT Partnership Update Looms: LINK Is Set To Skyrocket

[May 27 2:30 AM] As the Consensys 2024 conference commences this week in Austin, Texas, the LINK community is abuzz with anticipation over a potential pivotal announcement from Chainlink in collaboration with SWIFT. Speculations are rife that this announcement, set…

Mastercard, Visa, JPMorgan, and Other Major Banks Explore Tokenized Asset Settlements

[May 9 3:20 PM] Several major financial firms are collaborating to test the benefits of shared-ledger technology for jointly settling tokenized assets like commercial bank money and various securities. The initiative, known as the Regulated Settlement Network, is…

U.S. Financial Industry to Explore Sharing Ledger Technology for Multiasset Transactions

[May 8 3:00 AM] Major stakeholders in the U.S. financial sector, including Citi, JPMorgan, Mastercard, Swift and Deloitte, are teaming up to explore sharing ledger technology by simulating multiasset transactions in dollars.

SWIFT Plans to Launch CBDC Interconnection System in Next Two Years

[Mar 29 1:21 AM] SWIFT, the network that provides the messaging system for cross-border banking settlements, has announced plans to launch a CBDC equivalent of its current network in the next two years. The organization recently completed a 6-month test to assess…

Kazakhstan central bank reviews digital tenge pilot successes, next steps

[Dec 15, 2023 3:35 PM] The digital tenge has been used for everything from free school lunches to tokenizing gold, and there’s more to come.

Russian President Putin: Western Financial System Dying, Major Western Banks Will Be Deprived of Their Monopoly

[Dec 9, 2023 10:30 PM] Russian President Vladimir Putin has stated that the Western financial system is “clearly becoming obsolete.” Furthermore, he said solutions involving blockchain and central bank digital currencies (CBDCs) “will pave the way for…

XRP Price Could Hit $10,000 If It Overtakes SWIFT, Pundit Suggests

[Nov 24, 2023 8:00 AM] Edward Farina, Head of Social Adoption at XRP Healthcare, recently proposed a scenario where the price of XRP could potentially surge to $10,000. His projection is based on the possibility of the token as a bridge currency and RippleNet replacing…

A SWIFT Shakeup: Yuan Dethrones Euro as Runner-Up in Trade Finance Markets

[Oct 20, 2023 12:00 AM] The latest report published by the Society for Worldwide Interbank Financial Telecommunications (SWIFT) has revealed that the Chinese yuan overtook the euro as the second most used currency in trade finance markets. However, the dollar is still…

Was Chainlink’s (LINK) 35% rally just a buy rumor, sell the news event?

[Oct 11, 2023 1:30 PM] LINK outperformed most cryptocurrencies in September, but the recent correction raises questions on the sustainability of the bullish momentum.

Russian Banker States SWIFT ‘Needs to Be Killed’

[Oct 3, 2023 3:30 AM] Andrei Kostin, head of the VTB Bank, one of the biggest banks in Russia, has stated that the Society for Worldwide Interbank Financial Telecommunication (SWIFT), the standard messaging system for fiat payments, “needs to be killed.”…

SWIFT CBDC Interlinking Solution Enters Beta Testing

[Sep 15, 2023 2:00 AM] The Society for Worldwide Interbank Financial Telecommunication (SWIFT), a global provider of financial payment services, has announced that its central bank digital currency (CBDC) connector has entered beta testing stages. SWIFT reported that…

SWIFT enrolls 3 central banks in CBDC interoperability beta test, expands sandbox

[Sep 13, 2023 3:32 PM] The bank messaging network has seen a dramatic increase in processing speed and is developing technology to connect CBDCs.

Chainlink Price Prediction For September: Buy LINK Now?

[Sep 7, 2023 4:00 AM] Chainlink (LINK) has been a standout in the crypto market recently, registering an 11% increase over the past six days, even as the broader crypto market sentiment remains subdued. Will Uptober Start Early For Chainlink? A significant factor that…

The Protocol: Ethereum Learns of Potential Defector as ‘Supreme Court’ Mooted

[Sep 6, 2023 11:35 AM] What is a blockchain “sequencer?” Here’s why you need to know

SWIFT says blockchain integration ‘more plausible’ than unifying CBDCs

[Aug 31, 2023 6:31 AM] SWIFT claims that interlinking existing systems with blockchains is better for the short term than bringing CBDCs together with tokenized assets in a single ledger.

Swift, Chainlink Tokenization Experiment Successfully Transfers Value Across Multiple Blockchains

[Aug 31, 2023 4:06 AM] Swift and Chainlink announced in June they were collaborating with dozens of financial institutions to test connecting blockchains.

Russian Ruble Plunges to 16-Month Low vs the US Dollar — Experts Cite Oil Price Cap

[Aug 15, 2023 1:30 PM] The Russian currency’s exchange rate versus the U.S. dollar recently dropped below RUB100 per greenback — its lowest in 16 months. Economists attribute the ruble’s latest plunge to the effectiveness of a price cap imposed on Russian oil…

Mbridge Project Has Observers Worried About Advances of the Digital Yuan

[Aug 15, 2023 2:30 AM] The Mbridge project, a central bank digital currency (CBDC) international payment system, is starting to worry observers. Such a system, when completed, could ostensibly allow the digital yuan to reach more countries in trade settlements, chipping…

Eritrean President Isaias Afwerki: ‘We Need a New Financial Architecture Not Controlled by the Dollar or the Euro’

[Jul 31, 2023 5:30 AM] Isaias Afwerki, president of Eritrea, reinforced the need for building a new economic system away from the traditional centers of power. At the second Russia-Africa Summit, Afwerki told Russian President Vladimir Putin that the current world order…

Is Fednow the First Step Towards a Central Bank Digital Currency? Speculations Rise Ahead of Launch

[Jun 30, 2023 2:30 PM] In recent days, there has been a buzz surrounding the upcoming debut of the U.S. Federal Reserve’s Fednow project, slated for July 1, 2023. The discussions surrounding this topic have sparked speculation about whether this marks the central…

Unfazed by SEC tumult, top banks work to make blockchains interoperable

[Jun 13, 2023 7:54 AM] Swift, the interbank payments network, has enlisted a dozen world-class institutions — and Chainlink — to fix blockchain’s interoperability deficit.