SWIFT Taps Linea for Blockchain Messaging Pilot

SWIFT, the global financial messaging network, is working with over a dozen banks to test on-chain messaging using Linea, the Ethereum layer-2 platform developed by ConsenSys. Institutions including BNP Paribas and BNY Mellon are participating in the initiative, which is also considered a stablecoin-like settlement token. SWIFT and Global Banks Begin Linea Blockchain Messaging Trial A source within one bank said the project could mark “a technological transformation for the international interbank payments industry,” though development will take several months before outcomes become clear. SWIFT connects over 11,000 financial institutions, transmitting payment instructions but not funds source: https://beincrypto.com/swift-tests-linea-onchain-messaging/