The Society for Worldwide Interbank Financial Telecommunications (SWIFT) will allow distributed ledger technology (DLT) firms to use its global payments innovation (GPI) platform.
Gottfried Leibbrandt, CEO at SWIFT states that the new product is designed to connect various trade platforms to GPI members, adding that the new platform is a extremely interoperable and open.
This follows a proof-of-concept of a new gateway to interlink trade and e-commerce platforms with GPI, which Swift has launched in partnership with enterprise blockchain platform R3 last January.
It was revealed that the existing SWIFT network and infrastructure was used to access, test and validate the applicability of the technology.
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