Swift promotes the concept of a universal shared ledger based on messaging
Swift has adopted the concepts of tokenization and shared ledger, which can replace the need for messaging between financial institutions. Swift currently operates the global messaging layer, and the global shared ledger may ultimately lead to the disappearance of this layer. Initially, it believed that in addition to payment shared ledgers, rich data such as that required for anti-money laundering (AML) was also needed. Ideally, data would be conveyed through messaging. It then suggested that the ledger could be based on an adapted version of its centralized Swift transaction manager.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Big Tech stocks extend rally on Chinese tariff pause
Even with an uncertain outlook thanks to tariffs, Big Tech executives are still ramping up their AI investments
SOL is up and memes are back
Bridge flows churn in both directions as risk appetite returns
Ethereum Rises, Bitcoin Stable: Upcoming Cryptocurrency Trends Unveiled
Examining OBV Slump and Bitcoin's Dip: Predicting the Next Turn in Cryptocurrency Market
Expert Predicts Sui Could Emulate Solana’s Meteoric Rise
In Brief Kaleo identifies Sui's market behavior as akin to Solana's past rise. Sui, Dogecoin, and Bitcoin show potential for significant growth. Social media influence could drive Dogecoin prices upward.
Crypto prices
More
