SWIFT to Launch Digital Asset Trial in 2025, Targeting Global Transaction Integration

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SWIFT to Launch Digital Asset Trial in 2025, Targeting Global Transaction Integration The Society for Worldwide Interbank Financial Telecommunication (SWIFT), the global messaging network that facilitates cross-border payments, has announced plans to launch digital asset trials in 2025, according to Cointelegraph.

This trial also underscores the growing recognition that blockchain technology and digital assets are here to stay, with central banks, private companies, and financial institutions all exploring ways to integrate these innovations into their existing systems.

Payments: By integrating digital assets with fiat currencies, SWIFT aims to improve the efficiency of global payments, reducing settlement times and lowering costs for banks and their customers.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: India

Topics: Crypto News Swift

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-03 @ 10:42:56 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 899 words

Reading Time: 5 minutes read

Sentences: 38 lines

Sentence Length: 24 words per sentence (average)

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

Copyright Owner: © BitcoinWorld

News ID: 22862233

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