SWIFT Teams Up With Major Banks, SGX to Trial Blockchain Voting
Financial messaging giant Swift has teamed up with Singapore Exchange and several major banks to trial a DLT platform for shareholder voting.
Wells Fargo’s innovation lead says the bank’s new digital cash for internal transfers is faster and more efficient than SWIFT.
Japan is said to be leading the creation of an international cryptocurrency payments network similar to banking network SWIFT.
From ATMs to cargo containers, standards make global commerce work. The same goes for crypto, which needs standards to comply with anti-money laundering rules.
Interbank messaging giant SWIFT will soon allow DLT-based trade platforms to make use of its GPI platform for traceable, near-instant payments.
Over 100 firms including SWIFT, IBM and Ripple have joined a blockchain association officially launched by the European Commission on Wednesday.