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.

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