SWIFT Partners with Capgemini to Test Cross-Border CBDC Interoperability

SWIFT Partners with Capgemini to Test Cross-Border CBDC Interoperability

Bank messaging service, SWIFT, short for Society for Worldwide Interbank Financial Telecommunication, is set to test the interoperability of Central Bank of Digital Currencies (CBDC) by interlinking several CBDC networks in order to execute cross-border payments. Besides currently linking financial institutions worldwide to communicate and execute financial payments, the Belgium-based…

Nigeria May Allow Flight Bookings, Cable and Electricity Payments With eNaira CBDC

Nigeria May Allow Flight Bookings, Cable and Electricity Payments With eNaira CBDC

Nigeria has been trying to get more citizens to adopt its national digital currency called eNaira since it was introduced last year under the slogan ‘Same Naira, More Possibilities’. The Central Bank of Nigeria (CBN) is reportedly looking to allow people to use the eNaira for day-to-day payments such as…