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…