SWIFT Picks Ethereum Layer-2 Chain Linea For Stablecoin Test
SWIFT has selected Linea, the Ethereum (CRYPTO: ETH) Layer-2 blockchain developed by Consensys, to pilot blockchain messaging and stablecoin payments, according to a report on Friday.
SWIFT Pushes Banking Into Blockchain Era
Former Big Whale journalist Grégory Raymond cited sources familiar with the matter saying the interbank messaging network, which connects more than 11,000 institutions worldwide, is experimenting with moving its payment instructions on-chain.
The trial includes major banks such as BNP Paribas and BNY, marking one of the most significant blockchain initiatives from traditional finance to date.
While the pilot is expected to take several months to develop, it has the potential to reshape global payments infrastructure in a profound way.
Why SWIFT Chose Linea Over Other Blockchains
Linea CRYPTO: LINEA), built by Consensys, was chosen because of its emphasis on confidentiality through advanced cryptographic proofs and its ability to process multiple transactions simultaneously.
These features appeal to banks balancing the need for efficiency …
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