SWIFT Announces Future Launch of CBDC Interconnection System

Friday, 29 March 2024, 07:21
SWIFT has unveiled its strategy to introduce a Central Bank Digital Currency (CBDC) interconnection system in the upcoming two years. This move aims to revolutionize cross-border transactions and facilitate real-time settlement through digital means. The initiative signifies a significant step forward for the future of banking technology.

SWIFT's Strategic Move in Banking

SWIFT has revealed plans to develop a CBDC interconnection system within the next two years, enhancing global financial transactions.

Revolutionizing Cross-Border Settlements

The introduction of the CBDC equivalent by SWIFT promises to simplify and expedite cross-border transactions, potentially reshaping the future of banking technology.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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