Swift Taps Consensys for Blockchain Payments Platform with 30+ Major Banks

Global financial messaging network Swift announced on Sept. 29 that it is developing a blockchain-based shared ledger to handle cross-border transactions. The initiative, revealed at the annual Sibos conference, aims to enable instant, 24/7 payments for its network that connects more than 200 countries. Swift is collaborating with Ethereum software firm Consensys on an initial prototype, alongside over 30 major financial institutions, including JPMorgan, HSBC, and Deutsche Bank. The shared ledger is desi ...