A significant transformation for international payments is on the way thanks to the interbank messaging system SWIFT.

To the uninitiated, SWIFT is the backbone of the global financial messaging network, connecting more than 11,000 institutions across 200 countries.

If you’ve ever sent or received a cross-border payment, you’ve almost certainly come across SWIFT, whether it was your bank asking for it, providing it, or using it to match transactions.

Now, SWIFT has begun testing on-chain payments and messaging using Ethereum’s Layer-2 network Linea.

This game-changing project involves some of the biggest names in global banking, including BNP Paribas and BNY Mellon.

One of the most transformational aspects of the trial is the use of a stablecoin-like token for interbank settlement.

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