Swift Collaborates with Consensys to Develop 24/7 Real-Time Cross-Border Payment Ledger

In a groundbreaking move for the financial and blockchain sectors, Swift has partnered with Consensys to develop a conceptual prototype of a ledger designed to enable real-time, 24/7 cross-border payments. The initiative aims to transform how money moves globally by offering instant settlement capabilities beyond traditional banking hours, which have long hindered efficient international payments.

Consensys, known for its blockchain technology expertise, is collaborating with Swift to leverage decentralized ledger technology, signaling a significant step toward integrating blockchain innovations with established financial infrastructures.

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