Is payments giant SWIFT preparing for a blockchain-bound future?

Coin Telegraph LogoCoin Telegraph1 mo ago

Is payments giant SWIFT preparing for a blockchain-bound future? - Coin Telegraph

Quick Summary:

Are TradFi and DeFi converging, moving toward a middle ground that includes tokenized assets, interoperability and regulation?

Beyond interoperability and tokenization, there was some interest among the TradFi representatives in DeFi projects proper — but with caveats.“If financial services want to go into DeFi mode, there needs to be some sort of regulated DeFi,” said Solé, though some might view that as a contradiction in terms.

But, SWIFT “doesn't necessarily want to build an integration with every single chain on the planet,” added Nazarov, which was why it was exploring Chainlink’s Cross-Chain Interoperability Protocol (CCIP) as a way for it “to become interoperable across all blockchain environments.

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Article Details

Author / Journalist: Cointelegraph By Gareth Jenkinson

Category: Crypto



Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-10-04 @ 15:34:24 (1 months ago)

News Timezone: GMT -5:00

Ranking: #1165 (out of 3262 stories this day)

News Source URL:

Language: English

Article Length: 1478 words

Reading Time: 9 minutes read

Sentences: 51 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 721780

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Update Frequency: 26 posts per day

Year Established: 2013

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News Last Updated: 8 hours ago

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