How come mainstream media is not reporting on this?
LONDON, March 25 (Reuters) - Global bank
messaging network SWIFT is planning a new
platform in the next one to two years to connect the wave of central bank digital currencies non development to the existing finance system it has told Reuters.
The move, which would be one of the most
significant yet for the nascent CBDC ecosystem given SWIFT's key role in global banking, is likely to be fine-tuned to when the first major ones are launched.
Around 90% of the world's central banks are
now exploring digital versions of their
currencies. Most don't want to be left behind by bitcoin and other cryptocurrencies, but are
grappling with technological complexities
SWIFT's head of innovation, Nick Kerigan, said it's latest trial, which took 6 months and
involved a 38-member group of central banks, commercial banks and settlement platforms, had been one of the largest global
collaborations on CBDCs and "tokenised"
assets to date.
LONDON, March 25 (Reuters) - Global bank
messaging network SWIFT is planning a new
platform in the next one to two years to connect the wave of central bank digital currencies non development to the existing finance system it has told Reuters.
The move, which would be one of the most
significant yet for the nascent CBDC ecosystem given SWIFT's key role in global banking, is likely to be fine-tuned to when the first major ones are launched.
Around 90% of the world's central banks are
now exploring digital versions of their
currencies. Most don't want to be left behind by bitcoin and other cryptocurrencies, but are
grappling with technological complexities
SWIFT's head of innovation, Nick Kerigan, said it's latest trial, which took 6 months and
involved a 38-member group of central banks, commercial banks and settlement platforms, had been one of the largest global
collaborations on CBDCs and "tokenised"
assets to date.
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www.reuters.com
SWIFT to connect multiple CBDCs in one platform by 2026
SWIFT aims to launch a new platform in the next two years to connect central bank digital currencies to the existing finance system in a bid to boost the CBDC ecosystem
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