SWIFT is testing stablecoin payments on Ethereum's Linea network, involving major financial institutions such as BNP Paribas and Bank of New York Mellon. This pilot represents a significant move from traditional SWIFT transfers to blockchain-verified transactions, potentially enhancing the efficiency and security of cross-border payments.
In related news, the Best Wallet Token ($BEST) is gaining attention in the crypto market. The utility token, which offers benefits like reduced fees, staking rewards, and governance rights, has raised over $16.1 million in its ongoing presale. As stablecoins become more integrated into mainstream finance, $BEST is positioned as a key player in the expanding blockchain ecosystem.
SWIFT Pilots Ethereum-Based Stablecoin Payments with Major Banks
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