SWIFT Targets 2025 To Test Digital Currency Trades As Central Authorities Look To Keep Pace With Bitcoin's Efficiency
Portfolio Pulse from Benzinga Neuro
SWIFT plans to trial live digital currency transactions in 2025, aiming to integrate digital currencies and tokenized assets into the mainstream financial system. This move aligns with global central banks' exploration of CBDCs, despite some controversy.
October 03, 2024 | 9:07 am
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POSITIVE IMPACT
SWIFT's move to trial digital currency transactions highlights the growing influence of cryptocurrencies like Bitcoin, as central banks and financial systems adapt to digital currencies.
SWIFT's initiative to integrate digital currencies into mainstream finance reflects the growing acceptance and influence of cryptocurrencies like Bitcoin. This could positively impact Bitcoin's perception and adoption.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50