Global bank messaging network Swift will trial live transactions of tokenised assets and digital currencies next year.
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Swift is planning a new platform to connect CBDCs now in development to the existing finance system.
Cutting some Russian banks’ access to Swift will give China the excuse to promote digital versions of its own central bank digital money in global trade and finance.
Ripple Labs is gaining new customers because financial firms are seeking faster, more up-to-date technology than the Swift banking network, CEO Brad Garlinghouse said.
In a bid to boost financial inclusion in South Africa, bank accounts may soon be linked to easy-to-remember identifiers like cellphone numbers. The linking of bank accounts to easy-to-remember identifiers