Global cross-border payment transmission system leader SWIFT has been actively embracing blockchain technology in recent years, helping different platforms’ Central Bank Digital Currencies (CBDC) seamlessly connect through its “Connecting Digital Islands” initiative. SWIFT has announced that it has successfully completed the second phase sandbox testing of its interconnectivity solution for CBDCs with 38 global institutions, including the participation of the Central Bank of Taiwan and local banks.
SWIFT completes sandbox experiments connecting digital islands for trade, securities, and forex; Taiwan’s participation included
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