This is one of the most important events in Payment system, the exact moment where the sluggish and conservative well known Swift plans to settle digital securities transactions.
What is SWIFT ?
SWIFT or Society for Worldwide Interbank Financial Telecommunication, is a global network that facilitates secure and standardized communication between financial institutions. Founded in 1973, SWIFT connects over 11,000 financial institutions in more than 200 countries.
It's role got attention after Banning Russia for the Ukraine invasion.
Swift's Vision for Digital Assets and Payments:
- Support the settlement of digital asset transactions using its network.
- Enabling multi-ledger Delivery-versus-Payment (DvP) and Payment-versus-Payment (PvP) transactions. -Possible migration to CBDCs or tokenized deposits as more come into existence. -Exploring interlinking separate blockchain networks.
Bottom line: BE BULLISH Show Less
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