SWIFT Is Experimenting With Decentralized Technologies to Allow CBDC Interconnection

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SWIFT, the interbank payments protocol and messaging system, has announced it is working to connect the different central bank digital currency (CBDC) protocols in development today. The company has partnered with Capgemini, a digital services provider, making a series of experiments to ensure that the new set of CBDCs have cross-border payments and remittance capabilities.
SWIFT Set to Modernize Connection Systems
SWIFT, the bank and payments interconnection protocol, is working to bring its services to the upcoming group of central bank digital currencies. The member-owned cooperative has announced it is already running experiments with decentralized platforms to ensure that remittances and cross-border payments will be available for users of these currencies in the future.
To SWIFT, the interconnection of this new kind of currency will be pivotal for its success. While there are not many CBDCs operating currently, according to reports from the Bank of International Settlements, n

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