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HomeNewsSWIFT Collaborates with Blockchain Consortium R3 To Launch A PoC Gateway

SWIFT Collaborates with Blockchain Consortium R3 To Launch A PoC Gateway

Leibbrandt revealed the plans in a panel with Brad Garlinghouse, CEO of Ripple at the Paris Fintech Forum on Jan. 30. SWIFT currently has around 10,000 banks in its network. While the firm has taken part in several blockchain pilots last year, nothing substantial pertaining to its legacy wire transfer architecture was introduced. Talking about the new platform, Gottfried told the panel:

“Our new GPI platform is extremely interoperable and open, and we’ve always had links to other networks […] we are announcing later today a Proof-of-Concept with R3 blockchain on trade, where you can initiate a payment on the trade platform, and then it goes into GPI. So we’re exploring interconnectivity with a lot of things.”

https://t.co/jqZogf8NJj

— Clovis Loizillon (@ClovisLoizillon) January 30, 2019

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