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Swift Launches Blockchain Ledger for Cross-Border Payment Pilot

Published by
Nidhi Kolhapur

Swift said its blockchain-based shared ledger is ready for initial use, enabling 24/7 cross-border payments using tokenized deposits while keeping existing credit and risk standards. Seventeen global banks are preparing to pilot live transactions on the platform. The project aims to improve payment speed, liquidity management, and cash flow visibility without replacing Swift’s existing network. The live pilot is expected to begin as participating banks start testing real transactions.

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Nidhi Kolhapur

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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