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🗞️ Swift has announced it's blockchain based ledger is ready, with 17 global banks preparing to pilot 24/7 tokenised cross border payments.
The pilot includes ANZ, BNP Paribas, BNY, Citi, DBS Bank, First Abu Dhabi Bank (FAB), FirstRand, HSBC, Itaú Unibanco, Lloyds Banking Group, Mashreq, MUFG, OCBC, Standard Chartered, UBS, UOB and Wells Fargo.
By combining distributed ledger technology with Swifts existing global messaging network, the new system aims to:
💧 Enhance liquidity efficiency
💵 Improve cash flow visibility
🔍 Enable seamless token recognition
Swift says this is just the first use case, laying the foundation for future innovations like programmable money and agentic commerce.
@whale6x $949.00 that’s the price of the course I want to study to help get a better paying job. The job will allow my husband to not work so much overtime. 🌺
@RealThomSieloff I feel like vnd would need to change before the upgrade as a show of strength and confidence. I would buy a nice tequila and sit my husband down and share the news. He knows I invest but doesn’t really understand what’s about to happen. 🎉🎉🎉
@sunny65855@Ross_ptm@lady_valor_07 You can read updates on the https://t.co/IcgYh1mITB website (Iraqi central bank) the WTO has also written articles about it.
@sunny65855@Ross_ptm@lady_valor_07 Iraq has been preparing to come back to the forex. It has made preparations with the world trade organisation to become recognised as a tradeable currency again.