Cosmos Connects Banks to Swift's Ledger for 24/7 Cross-Border Payments
- —Cosmos rolled out a connectivity solution for banks to join Swift's ledger
- —Payments can run 24/7, including weekends and holidays
- —Existing settlement arrangements between banks are retained
- —The product is built on Cosmos' Tokenization Suite for tokenized deposits
Why it matters: The Swift integration could accelerate bank adoption of tokenized deposits and intensify competition among blockchains for the cross-border payments market.
Source: Coinfomania