SWIFT Chainlink LINK interoperability SWIFT partners with Chainlink to develop cross-chain crypto transactions
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here!
By utilizing Chainlink’s cross-chain interoperability protocol , the PoC will allow SWIFT messages to instruct token transfers across nearly every blockchain network. This will help to accelerate the adoption of distributed ledger technology blockchains across capital markets and traditional finance, Nazarov said.
The main issue with SWIFT is that transactions can take several days to complete, which is not exactly convenient in an increasingly fast-paced world of global trade and business. To help combat this, the organization recently revealed a new pilot program with Symbiont to explore the integration of blockchain technology to help improve its system.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Chainlink’s 15% rally may be a direct impact of its latest decoupling from…According to a new Santiment report published on 28 September, Chainlink [LINK] was seen showing massive signs of growth. This was in terms of number of transactions and whale interest as well. But, what spiked this kind of growth in a couple of days? Let’s find out… Growing apart Leading crypto analytics firm Santiment stated […]
Read more »
AVAX partners with LINK; can the integration bring much-needed respite to bothThe latest blockchain to witness some relief in this ongoing bear cycle happens to Avalanche [AVAX]. On 27 September, Avalanche Labs tweeted about its latest collaboration with Chainlink [LINK]. According to the post, Chainlink helped AVAX grow in the NFT, GameFI, and Defi sector. Given the current situation of the market, will this collaboration play out […]
Read more »
Robinhood launches its self-custody ‘Robinhood Wallet' for crypto tradersRobinhood announced the beta launch of its Web3-enabled Robinhood Wallet which allows users to self-custody their crypto holdings.
Read more »
Montreal’s Ventus Therapeutics strikes US$700-million-plus deal with pharma giant Novo NordiskPartnership would see Novo develop Ventus’s anti-inflammatory molecules for metabolic conditions
Read more »
Newfoundland government provides $30 million to help people recover from impact of hurricane Fiona | SaltWireRed Cross accepting applications for funding
Read more »