SWIFT, the global interbank messaging network, is finally moving forward to test its on-chain messaging system on Linea, the Layer 2 blockchain developed by Consensys after months of negotiating.
Several major banks, including BNP Paribas and BNY Mellon, will take part in the multi-month trial.
The test aims to explore how blockchain could improve speed and how easy the system can be programmed for international payments.
According to a report by BigWhale, the banks will also test how stablecoin can be used to support tokenized transactions.
SWIFT To Test On-chain System On Linea Blockchain
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