SWIFT experiment to integrate CBDC and large banks
Oct 11, 2022
SWIFT opens a new page in the history of the financial market.
This interbank network conducted an experiment on the interaction of digital currencies of the central bank with major banks in France, Germany, Great Britain and Switzerland.
The experimental protocol proved that CBDC and tokenized assets can be easily integrated into the international financial ecosystem. The possibility of converting digital currencies into fiat money has also been studied.
The successful experiment facilitates the gradual implementation of CBDC, stimulating trade and investment in more than 200 countries around the world, involving more than 11,500 banks and funds.
Undoubtedly, this is a new stage in the development of the global financial system.
