Swift and ChainLink will test payments using different blockchains – Bits Media

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SWIFT и Chainlink протестируют платежи с использованием разных блокчейнов - Bits Media

The SWIFT International Payment System has entered into an agreement with the Supplier of ChainLink oracles to test evidence of a concept (PoC) on payments using different blockchains.

This was reported by the co -founder of Chainlink Sergey Nazarov and the director On the strategic development of SWIFT, Jonathan Erenfeld Sale (Jonathan Ehrenfeld Solé) At the conference SmartCon 2022 In New York. For the initial verification of the SWIFT concept will use the inter-sequences protocol CROSS-Chain Interopeability Protocol (CCIP). It will allow traditional financial organizations to gain access to digital assets and ordinary money on the same platform, Moreover, transactions can be made through different blockchains. Thanks to the CCIP protocol, SWIFT will report on the transfer of crypto assets in almost all blockchains, interacting with their ecosystems.

Salt noted, that institutional investors show genuine interest in cryptocurrencies. Therefore, getting access to digital and traditional assets in one place will be really convenient for them. The cooperation of the two companies will allow financial institutions to use the capabilities of the blockchain without transition from existing systems and without the development of new services. Besides, There will be no need to modify outdated systems, since this will entail significant costs. Nazarov added, that the initiative will accelerate the introduction of blockchain and distributed registry technology (DLT) to capital markets.

Swift system has long been exploring blockchain potential, DLT and even digital currencies of central banks to accelerate payments, since transactions in SWIFT can occupy several days. In May, the network reported, what is working on creating an ecosystem, in which the Central Banks will be able to jointly test state stablecoins. Swift recently concluded a partnership agreement with the American fintech company Symbion, Within the framework of which the exchange of corporate data will be tested using blockchain and smart contracts.