Ethereum

2024

Bitcoin

when

<h4><strong>On Sept 12th, SWIFT just announced new efforts to explore how traditional banking can work with new technologies like tokenized assets and <a href="https://www.altcoinbuzz.io/?s=cbdc" target="_blank" rel="noopener noreferrer nofollow">CBDCs</a>.</strong></h4>
<p>Tokenized assets are like digital versions of real-world things, such as stocks or bonds, but they exist only online. CBDCs are digital versions of a country’s money, like a digital dollar. Let’s explore more about these new Digital Asset Plans from SWIFT.</p>
<h5><strong>SWIFT’s Digital Asset Plans: Bridging New Tech and Traditional Finance</strong></h5>
<p>SWIFT wants to see how these new technologies can fit into the world of traditional finance. So,&nbsp;one important part of <a href="https://www.swift.com/news-events/news/streamlining-global-movement-digital-assets-and-currencies?utm_campaign=Innovation&amp;utm_content=Oktopost-twitter&amp;utm_medium=organic_social&amp;utm_source=twitter" target="_blank" rel="noopener noreferrer nofollow">SWIFT’s plans</a> is to focus on regulated environments. This means they want to make sure that everything they do with digital assets follows the rules and laws that keep financial systems safe.</p>
<p><a href="https://www.swift.com/" target="_blank" rel="noopener noreferrer nofollow">SWIFT</a> is not just talking about any technology. They’ve specifically mentioned Ethereum as the only Layer 1 blockchain in their plans. By focusing on Ethereum, SWIFT is showing that they believe this blockchain has a lot to offer when it comes to handling digital assets.</p>
<blockquote class="twitter-tweet">
 <p dir="ltr" lang="en">We’re paving the way towards real-world solutions that will enable our members to transact interchangeably with regulated <a href="https://twitter.com/hashtag/DigitalAssets?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#DigitalAssets</a> and currencies on the Swift network.</p>
 <p><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f449.png" alt="👉" class="wp-smiley" style="height: 1em; max-height: 1em;"> Discover what’s next on this exciting journey: <a href="https://t.co/SUwRPAtcdg" rel="noopener noreferrer nofollow">https://t.co/SUwRPAtcdg</a><a href="https://twitter.com/hashtag/DigitalCurrencies?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#DigitalCurrencies</a> <a href="https://twitter.com/hashtag/innovation?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#innovation</a> <a href="https://t.co/SPn0caIHgJ" rel="noopener noreferrer nofollow">pic.twitter.com/SPn0caIHgJ</a></p>
 <p>— Swift (@swiftcommunity) <a href="https://twitter.com/swiftcommunity/status/1833802941221740778?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 11, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>In their experiments, SWIFT is looking at how well traditional banking systems can work with these new technologies. Also, SWIFT wants to make sure that digital assets can fit into existing financial systems without causing too many bumps in the road.</p>
<p>This effort is all about creating a bridge between old and new finance. SWIFT hopes that by exploring these new technologies in a regulated way, they can help make the future of finance smoother and more secure.</p>
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<h6><strong>Disclaimer</strong></h6>
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p>
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/swifts-new-digital-asset-plans-bridging-old-and-new-finance/" rel="noopener noreferrer nofollow">SWIFT’s New Digital Asset Plans: Bridging Old and New Finance</a> appeared first on <a href="https://www.altcoinbuzz.io" rel="noopener noreferrer nofollow">Altcoin Buzz</a>.</p>

SWIFT’s New Digital Asset Plans: Bridging Old and New Finance

Altcoin Buzz

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