Payment Giant SWIFT’s “Hackathon” Agenda Will Be Digital Currencies

Payment giant SWIFT, the organizer of the Hackathon event, which was announced in the first week of July, emphasized that cryptocurrencies are one of the key points of innovative progress.

at the beginning of September SWIFT will be led by hackathon event was announced. Payment giant SWIFT, in the announcement text “As many leading powers in the industry know, digital assets are an important issue on the innovation agenda” made statements stating.

Activity, in the development of the digital economy to address the toughest technological challenges that arise fintech with leaders in the (financial technology) industry aims to cooperate. At the Hackathon that will take place in September of the computer industry’s brightest minds and pioneers of finance aims to ensure participation.

Theme of the Hackathon event According to the statement made on the official site: “Digital assets are the next frontier of finance, but how can we make them run more smoothly and securely?”. The event aims to bring together experts at the forefront of digital asset development and provide a forum for them to share their expertise.

Providing services related to the execution of financial transactions and payments between banks worldwide, SWIFT touched upon the following points in its statement:

Participants should consider one or more of the following use cases: coin-to-coin interaction, tokenized asset to currency transfer, multilink tokenized asset purchase.

Another issue that SWIFT wants to examine is; “The point is whether transfers between two different account addresses using the infrastructure of different technological platforms will lead to an even higher level of complexity or force issuers and intermediaries to adopt more complex solutions.”

The calendar details of the event, which will start in September, are as follows:

  • Applications open until 29 July
  • Participants will be informed between 30 August – 3 September
  • Hackathon will take place from 06 September to 23 September
  • Between September 26 and September 30, the jury will decide on the projects and participants to be supported.

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