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SWIFT, Ripple Support EU Blockchain Group Launch

PYMNTS

A new blockchain association has been created to promote the adoption of the technology across the European Union. The group — the International Association of Trusted Blockchain Applications ( INATBA ) — officially launched on April 3 in Brussels and includes SWIFT, IBM, Ripple and around 100 other companies and organizations.

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SWIFT Signals Further Openness To Blockchain?

PYMNTS

Might SWIFT be giving a nod, at least partially, toward the use of distributed ledger technology (DLT)? As noted by OracleTimes , it seems the messaging network that ties banks and other financial firms together may indeed be open to DLT — if not directly, then deployed by some of its network. One caveat?

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SWIFT Ties gpi To eCommerce And DLT

PYMNTS

Payments messaging company SWIFT said it will test gpi Link, “a gateway to interlink eCommerce and trading platforms with the SWIFT gpi payment service.”. SWIFT said the first part of this proof-of-concept effort will involve Corda , an R3 blockchain platform.

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CBDCs in practice: What we’ve learned from the early movers

The Payments Association

These projects leveraged distributed ledger technology (DLT) to settle trades more quickly and securely, using delivery-versus-payment (DvP) mechanisms that reduce counterparty risk.

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SWIFT: Real-Time Payments Demands Real-Time Security And Compliance

PYMNTS

Working together to solve these challenges was the main takeaway from a PYMNTS discussion between Karen Webster and Heather Lee, financial crime compliance and sanctions strategy at SWIFT , the global financial messaging co-operative. And to that end, we’ve seen growing engagement and co-operation across the industry.”. Rapid Growth.

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 World Bank Sees DLT Potential For Cross-Border Transactions

PYMNTS

The jockeying for cross border-payments continues, and SWIFT and Ripple continue to dominate the headlines. At heart of the matter, of course, is the place (or choice) of using distributed ledger technology (DLT) to underpin the transactions — especially B2B transactions.

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SWIFT Ties gpi to eCommerce and DLT

PYMNTS

Payments messaging company SWIFT said it will test gpi Link, “a gateway to interlink ecommerce and trading platforms with the SWIFT gpi payment service.”. SWIFT said the first part of this proof-of-concept effort will involve Corda, an R3 blockchain platform.

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