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Swift, the global financial messaging network, is actively working to incorporate regulated digital assets and currencies onto its platform. A key focus of these developments is testing multi-ledger Delivery-versus-Payment (DvP) and Payment-versus-Payment (PvP) transactions.
In recent years, digital currencies have been all the rave. However, the idea that digital assets are exclusively some form of currency is slowly falling by the wayside as different use cases are emerging and being rapidly adopted. Developed and emerging markets alike are considering the possibility of introducing CBDCs.
Efforts were also made to advance digital assets, tokenization and central bank digital currency (CBDC) experimentation with initiatives such as Project Guardian and Project Orchid expanding to include more use cases and moving towards “live” pilots.
Stripe research shows that 95 per cent of customers choose to check out in their local currency when given the option, and 85 per cent of customers will abandon cart if their preferred payment method isn’t offered. “For businesses with a multi-market strategy, choosing a trusted payment provider that caters to your needs is paramount.
operates Max Miles, Singapore’s newest multi-merchant loyalty programme. Finally, the solution integrates the use of stablecoins for instant settlement by enabling real-time, secure payments through stablecoins once escrow conditions in the smart contract are met. Heymax.AI (Singapore) Heymax.ai
We have done a lot of work with blockchain technology, particularly stablecoin. We have been working with governments on what is called central bank digital currency, or CBDC. I think that is another great example where we do over 150 currencies on the network today. I am being a little flip on that.
Immediate focus areas include fraud prevention, ISO 20022 readiness, and stablecoin regulationbut longer-term success depends on active engagement with consultations, operational resilience, and global alignment. Under the forthcoming framework, stablecoins used for payments will fall squarely under the FCAs regulatory perimeter.
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