{"id":50010,"date":"2025-09-29T11:16:40","date_gmt":"2025-09-29T11:16:40","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=50010"},"modified":"2025-09-29T11:16:40","modified_gmt":"2025-09-29T11:16:40","slug":"swift-to-develop-blockchain-based-ledger-for-24-7-cross-border-payments","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=50010","title":{"rendered":"SWIFT to Develop Blockchain-Based Ledger for 24\/7 Cross-Border Payments"},"content":{"rendered":"<div>\n<p>Global traditional finance (TradFi) payments system SWIFT said it is adding a blockchain-based ledger to its network.<\/p>\n<p>SWIFT is working with a group of over 30 financial institutions to build a ledger that could make cross-border payments 24\/7, based on a prototype by Ethereum developers Consensys, <a href=\"https:\/\/www.businesswire.com\/news\/home\/20250929126844\/en\/Swift-to-Add-Blockchain-Based-Ledger-to-Its-Infrastructure-Stack-in-Groundbreaking-Move-to-Accelerate-and-Scale-Benefits-of-Digital-Finance-Across-More-Than-200-Countries-and-Territories-Worldwide\">according to an announcement on Monday<\/a>.<\/p>\n<p>&#8220;The ledger will extend SWIFT&#8217;s financial communication role into a digital environment, facilitating banks&#8217; movement of regulated tokenized value across digital ecosystems,&#8221; SWIFT said.<\/p>\n<p>SWIFT is a messaging system that supports international bank transactions and is used by more than 11,000 financial institutions across over 200 countries.<\/p>\n<p>Facing suggestions that it <a href=\"https:\/\/www.coindesk.com\/markets\/2020\/12\/26\/digital-currencies-may-make-swift-redundant-says-russian-central-bank-report?_gl=1*1s9cy47*_up*MQ..*_ga*Mjg5MDk4Njg0LjE3NTkxMzcxNzI.*_ga_VM3STRYVN8*czE3NTkxMzcxNzEkbzEkZzAkdDE3NTkxMzcxNzEkajYwJGwxJGgxMzcyODA4MDU4\">could be made obsolete<\/a> by adoption of digital assets, particularly stablecoins, SWIFT has been <a href=\"https:\/\/www.coindesk.com\/business\/2021\/12\/23\/banks-swift-messaging-system-to-experiment-with-tokenized-assets-in-early-2022?_gl=1*1lycf0n*_up*MQ..*_ga*MTIxMzcwMTMwNi4xNzU5MTM2Mjg5*_ga_VM3STRYVN8*czE3NTkxMzYyODgkbzEkZzAkdDE3NTkxMzYyODgkajYwJGwxJGgzODY2MjA0OTM.\">experimenting with blockchain technology and tokenization for several years<\/a> to try and get on the front foot against this potential disruption.<\/p>\n<p>SWIFT said it envisages that the ledger will act as a real-time log of transactions between financial institutions, record, sequencing and validating transactions and enforcing its rules through smart contracts.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Global traditional finance (TradFi) payments system SWIFT said it is adding a blockchain-based ledger to its network. SWIFT is working with a group of over 30 financial institutions to build a ledger that could make cross-border payments 24\/7, based on a prototype by Ethereum developers Consensys, according to an announcement on Monday. &#8220;The ledger will [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-50010","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/50010","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=50010"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/50010\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=50010"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=50010"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=50010"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}