SWIFT to Develop Blockchain-Based Ledger for 24/7 Cross-Border Payments
SWIFT is collaborating with over 30 financial institutions to create a blockchain-based ledger aimed at enabling 24/7 cross-border payments. This initiative, based on a prototype developed by Ethereum creators Consensys, will serve as a real-time log of transactions among financial entities, recording, sequencing, and validating transactions while enforcing rules