Citi and Swift’s joint trial successfully demonstrated simultaneous settlement of fiat and digital currencies using a Payment-versus-Payment (PvP) model on Swift’s network integrated with blockchain tools. This innovation synchronizes traditional banking with digital assets, addressing key challenges in cross-currency transactions. The trial utilized Swift’s existing infrastructure alongside blockchain connectors and smart contracts to enable synchronized […]
Source: https://en.coinotag.com/citi-and-swift-test-potential-for-simultaneous-fiat-and-stablecoin-settlement-via-pvp
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