SWIFT Go Launches Low-Cost Network With 7 Major Banks

The service might be seen as a possible threat to the real-time payments network offered by Ripple.

News  ·  27 July 2021

USDC Assets to Be Disclosed in SEC Filings, Circle CEO Says

“Our intention is to include greater reserves transparency” as the stablecoin operator goes public via a SPAC deal, Jeremy Allaire told CoinDesk TV Friday.

News  ·  9 July 2021
Cross-Border Payments

6 Leading Banks Back SWIFT’s New International Payments Platform

The banks include Citi, Bank of China, BNP Paribas and Deutsche Bank.

News  ·  24 June 2021

Fearing Being Cut Off From SWIFT, Russia Hints About Blockchain Alternative: Report

Russia's foreign affairs ministry believes SWIFT can be replaced by more advanced systems, mentioning blockchain.

News  ·  5 April 2021

China’s Central Bank Is Partnering With SWIFT on a New Joint Venture

It's unclear what the new group's mission will be, though People's Bank of China employees working on its digital currency efforts will be involved.

Policy & regulation  ·  3 February 2021
Central Bank of Russia

Digital Currencies May Make SWIFT Redundant, Says Russian Central Bank: Report

Russia would likely welcome replacements for SWIFT as the nation's banks have been threatened with being removed from the network.

Markets  ·  26 December 2020
Enterprise Blockchain

‘Great Artists Steal’ – What Enterprise Blockchain Can Learn From the Past

Enterprise blockchain doesn't need to reinvent the wheel: Communications standards in use for decades are built for machine-to-machine commerce.

Policy & regulation  ·  30 September 2020

Crypto Exchanges Need Common Messaging to Comply With Travel Rule

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.

Policy & regulation  ·  25 February 2020
JPM Coin

Wells Fargo’s Stablecoin ‘Faster, Cheaper’ Than SWIFT, Says Exec

Wells Fargo’s innovation lead says the bank’s new digital cash for internal transfers is faster and more efficient than SWIFT. 

Business  ·  20 September 2019

Japan Has FATF Green Light to Create ‘SWIFT Network’ for Crypto: Report

Japan is said to be leading the creation of an international cryptocurrency payments network similar to banking network SWIFT.

Policy & regulation  ·  18 July 2019

SWIFT Gives Blockchain Platforms Access to ‘Instant’ GPI Payments Following R3 Trial

Interbank messaging giant SWIFT will soon allow DLT-based trade platforms to make use of its GPI platform for traceable, near-instant payments.

Business  ·  24 June 2019

EU Blockchain Group Launches With SWIFT, Ripple Onboard

Over 100 firms including SWIFT, IBM and Ripple have joined a blockchain association officially launched by the European Commission on Wednesday.

Policy & regulation  ·  4 April 2019

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.

Business  ·  6 March 2019

SWIFT Chief Announces Trial DLT Integration With R3

Global banking payments network SWIFT says it plans a trial integration with DLT provider R3.

Business  ·  30 January 2019

How Blockchain Can Finally Fulfill Its Promise in Global Payments

Several leading institutions are working towards producing tokenized digital central bank money, a more viable approach than unbacked crypto-assets.

Tech  ·  9 June 2018