Russia Floats Blockchain Based System as SWIFT Alternative
The Russian Foreign Affairs Ministry is reportedly considering blockchain technology as an alternative to SWIFT, the global payments network. The country's leaders have recently voiced concerns that they might be cut off from SWIFT, prompting them to search for different options. "The Hash" panel weighs in on the role of blockchain in geopolitical struggles.
Fearing Being Cut Off From SWIFT, Russia Hints About Blockchain Alternative: Report
Russia's foreign affairs ministry believes SWIFT can be replaced by more advanced systems, mentioning blockchain.
China's Central Bank Is Partnering With SWIFT on a New Joint Venture
It's unclear what the new group's mission will be, though People's Bank of China employees working on its digital currency efforts will be involved.
Digital Currencies May Make SWIFT Redundant, Says Russian Central Bank: Report
Russia would likely welcome replacements for SWIFT as the nation's banks have been threatened with being removed from the network.
'Great Artists Steal' – What Enterprise Blockchain Can Learn From the Past
Enterprise blockchain doesn't need to reinvent the wheel: Communications standards in use for decades are built for machine-to-machine commerce.
Crypto Exchanges Need Common Messaging to Comply With Travel Rule
From ATMs to cargo containers, standards make global commerce work. The same goes for crypto, which needs standards to comply with anti-money laundering rules.
Wells Fargo's Stablecoin 'Faster, Cheaper' Than SWIFT, Says Exec
Wells Fargo’s innovation lead says the bank’s new digital cash for internal transfers is faster and more efficient than SWIFT.
Japan Has FATF Green Light to Create 'SWIFT Network' for Crypto: Report
Japan is said to be leading the creation of an international cryptocurrency payments network similar to banking network SWIFT.
SWIFT Gives Blockchain Platforms Access to 'Instant' GPI Payments Following R3 Trial
Interbank messaging giant SWIFT will soon allow DLT-based trade platforms to make use of its GPI platform for traceable, near-instant payments.
EU Blockchain Group Launches With SWIFT, Ripple Onboard
Over 100 firms including SWIFT, IBM and Ripple have joined a blockchain association officially launched by the European Commission on Wednesday.
