Swift has chosen Consensys-developed Linea to pilot its transition from traditional interbank messaging to blockchain-based communications, according to a Sept. 26 report by The Big Whale.
A source familiar with the matter said the global banking consortium selected the Ethereum layer-2 network after months of negotiations to test how interbank on-chain messaging can replace its current centralized infrastructure.
More than a dozen banks will participate in the trial, including BNP Paribas and BNY Mellon, with the pilot examining both messaging transitions and the integration of stablecoins.
A source at one of the participating banks told the report:
“The project will take several months to see the light of day, but it promises a major technological transformation for the international interbank payments industry.”
Linea’s native token price jumped 10.6% from $0.02544 to $0.02814 within one hour of the announcement. As of press time, LINEA traded at $0.02806.
The selection mark
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