International money transfer system SWIFT has announced that it can perform cross-network transactions using both digital central bank coins (CBDC) and fiat currencies.
SWIFT October 5th He presented a framework for the CBDC system, claiming that it solves the interoperability problem of different blockchains.
Central banks of France and Germany Besides the HSBC, NatWest, Standard Chartered, UBS and Wells Fargo After the experiments it participated in, SWIFT both CBDCs as well as fiat using units between different networks claimed to be able to operate.
Chief Innovation Officer of SWIFT Tom Zschach He made the following statements on the subject:
I believe that digital currencies and tokens have the potential to shape our payment methods in the future. However, this potential can be unleashed if the different approaches and disciplines under investigation are interoperable. Our solution for CBDCs is to enable central banks to directly connect their networks to all other payment systems in the world through a single gateway.
Although different institutions and organizations from many countries are actually working on an international CBDC transfer system, the advantage of SWIFT at this point is from 200 already available in many countries and from 11,500 It connects many banks and financial institutions.