Ripple’s Partner Accenture Writes Paper With SWIFT On CBDCs

Ripple’s Partner Accenture Writes Paper With SWIFT On CBDCs

Ripple’s partner Accenture, the technology and business consulting firm, has published a paper with SWIFT on the potential for central bank digital currencies (CBDC) payment solutions. Titled “Exploring central bank digital currencies: How they could work for international payments”, the paper claims there is surging interest for these types of assets. Accenture is a Fortune […]


Related News

Evolve or Become Extinct: SWIFT looks at Blockchain

The blockchain is transforming the way businesses are conducted across the world. What will be its effect on SWIFT, a legacy network for communication between banks that has lasted for 43 years? The Society for Worldwide Interbank Financial Telecommunication (SWIFT) was founded in 1973 and has provided financial institutions a means to exchange information about transactions in a secure environment. A majority of banks worldwide use the SWIFT network for international interbank messages. Why is SWIFT so successful? Prior to SWIFT, banks used telex for communications. Telex had inherent....

SWIFT is Now Developing a Distributed Ledger Platform

A new report from SWIFT details the settlement network operator's plan to develop a distributed ledger application platform. The 20-page report, which was the result of research and development between SWIFT and professional services firm Accenture, includes new details on SWIFT’s proofs-of-concept focused on the technology. These include how it working on transaction settlement and identity management concepts that incorporate blockchain elements. Notably, the paper outlines SWIFT's intention to create "a distinctive [distributed ledger technology] DLT platform"....

Global Banks Partner to Form Blockchain Payments Network

Bank of America, Santander and the Royal Bank of Canada have today announced they’ve joined forces to create a global blockchain payments network using Ripple’s distributed ledger technology. UniCredit, Standard Charted and the Westpac Banking Corporation have also joined the effort, which seeks to form the foundation of a global network that performs a similar service as SWIFT inter-bank messaging but with near-instant settlement times. Canadian bank CIBC is also participating. Fundamental to the Global Payments Steering Group’s early mission is the creation and maintenance of a payments....

SWIFT Institute Offers €15,000 for Blockchain Securities Research

The SWIFT Institute is offering research teams €15,000 to investigate how bitcoin's underlying distributed ledger technology could impact the global securities ecosystem. The institute is a financial services research group backed by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), which provides a network for global financial institutions to send and receive information about financial transactions. The grant follows the SWIFT Institute's call for information on the risks associated with bitcoin as a digital currency in 2014 and comes amid a broader shift in....

Ripple seeks director to engage with central banks on digital currency

Ripple is looking to define its strategy regarding central bank digital currencies. Ripple, the payment services using digital currency XRP, is looking for an expert specializing in central bank digital currencies, or CBDCs.According to a recent job posting by Ripple, the firm is seeking a senior director of central bank engagements focusing on supporting CBDC initiatives with Ripple’s real-time gross settlement system, XRP Ledger. With the new position, Ripple is looking to define its CBDC strategy with central banks, build relationships and projects, as well as educate global central....