SWIFT Phase Two Pilots CBDC Payments

SWIFT to Start Phase Two Pilot After Finding 'Value' in CBDC

The banking network will now look at applications like securities settlement and trade finance

This comes swiftly after SWIFT Says It's Proved It Can Be the Way Forward for Global CBDCs, in October 2022.

"Blockchain networks could be interlinked for cross-border payments through a single gateway," SWIFT said Wednesday. "SWIFT’s new transaction management capabilities could orchestrate all inter-network communication."

SWIFT said that it can serve as a single access point to different blockchains and that its infrastructure could be used to create and trade tokens across tokenization platforms.

Thank you, crypto evangelists, for testing the tech; now the big boys and their big money can take over.