Swift is Building a Blockchain App to Optimize Global Cash Liquidity

Swift is Building a Blockchain App to Optimize Global Cash Liquidity

A global platform that connects the vast majority of the world's banks has begun building a blockchain application to simplify cross-border payments. Announced today, The Society for Worldwide Interbank Financial Telecommunication (Swift) is integrating open-source blockchain technology with its own products to build a proof-of-concept that might one day replace the so-called "nostro" accounts its members keep filled with cash all over the world – just in case they need it. If successful, the blockchain application has the potential to finally achieve a longstanding dream of....


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