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SWIFT To Test On-chain System On Linea Blockchain

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SWIFT To Test On-chain System On Linea Blockchain | 3.0 TV
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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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Written by
Kapil Rajyaguru -

Kapil Rajyaguru is a news editor at 3.0 TV with over 15 years of professional writing experience and more than four years dedicated to the cryptoverse.

An engineer by education and a writer by passion, Kapil brings a rare mix of technical insight and storytelling finesse. A firm believer that cryptocurrencies, blockchain and AI are the building blocks of the future, he crafts in-depth news and analysis to educate, empower and prepare the masses for the next frontier of Web3.

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