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flag SWIFT partners with 30+ banks to build a blockchain system for faster, cheaper global payments.

flag SWIFT is teaming up with over 30 major banks, including JPMorgan and HSBC, to develop a blockchain-based digital ledger to modernize cross-border payments. flag The project aims to enable real-time, 24/7 transactions, reducing delays and costs while supporting stablecoins, tokenized deposits, and central bank digital currencies. flag Leveraging SWIFT’s global network used by over 11,000 institutions across 200+ countries, the initiative uses smart contracts to ensure security, compliance, and interoperability. flag The effort responds to rising demand for faster digital payments and growing central bank interest in CBDCs.

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