Russia’s Industrial Giant Rostec Announces Blockchain-Based Alternative to SWIFT – Finance Bitcoin News

Rostec, the Russian manufacturing and technology conglomerate, has developed a system allowing the processing of international settlements and storage of digital currency. The blockchain-based platform has been announced as an alternative to SWIFT, which is unavailable for some Russian banks. Rostec Employs Distributed Ledger Technology to Substitute SWIFT Russian state-owned corporation Rostec has built a … Read more

SWIFT probably won’t exist in 5 years: Mastercard CEO

Mastercard CEO Michael Miebach said on Tuesday that he does not expect SWIFT, one of the most widely used platforms for cross-border fiat transactions, to exist in five years’ time.  Miebach was speaking at a panel session on central bank digital currencies (CBDCs), as part of the Global Blockchain Business Council (GBBC)’s Blockchain Central Davos … Read more

SWIFT Is Experimenting With Decentralized Technologies to Allow CBDC Interconnection – Bitcoin News

SWIFT, the interbank payments protocol and messaging system, has announced it is working to connect the different central bank digital currency (CBDC) protocols in development today. The company has partnered with Capgemini, a digital services provider, making a series of experiments to ensure that the new set of CBDCs have cross-border payments and remittance capabilities. … Read more

SWIFT, Capgemini team up to test using the international network for CBDC transfers

The Society for Worldwide Interbank Financial Telecommunication, or SWIFT, the Belgian financial messaging network used by banks in international money transfers, announced Thursday that it is teaming up with French IT company Capgemini to conduct experiments with cross-border central bank digital currency (CBDC) payments. This is SWIFT’s second research project on CBDC. SWIFT and Capgemini … Read more

Finder’s Fintech Specialists Predict XRP Jumping to $2.55 by December 2022 – Markets and Prices Bitcoin News

On May 4, the product comparison platform finder․com published a ripple price prediction report that polls 36 fintech specialists. According to findings stemming from the participating panelists, ripple could jump to $2.55 per unit by December 2022. However, the prediction relies on Ripple Labs winning or settling its lawsuit with the U.S. Securities and Exchange … Read more