Global cross-border payment transmission system SWIFT has been actively embracing blockchain technology in recent years, helping different platforms’ central bank digital currencies (CBDCs) seamlessly connect through “connecting digital islands”. SWIFT stated that it has successfully completed the second phase sandbox testing for the interconnection solution of central bank digital currencies (CBDCs) with the cooperation of 38 global institutions, including the participation of the Central Bank of Taiwan and financial institutions.
SWIFT’s “Connecting Digital Islands” Completes Trade, Securities, and Forex Sandbox Experiments, Taiwan Also Participates
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