Global cross-border payment transmission system leader SWIFT has actively embraced blockchain technology in recent years, enabling seamless integration of Central Bank Digital Currencies (CBDCs) across different platforms by “connecting digital islands”. SWIFT has announced that it has successfully completed the second phase of sandbox testing for its interconnectivity solution for CBDCs, in collaboration with 38 global institutions, including the Central Bank of Taiwan and local banks.
SWIFT Completes Trade, Securities, and Forex Sandbox Experiment, Taiwan Participates
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