Skip to content

Fintech SWIFT announces the integration of a superior payment platform

SWIFT announced that it would carry out a Proof-of-Concept (PoC) to integrate its gpi payment standard with Corda, the blockchain platform of R3. The announcement was made at the FinTech Forum in Paris this morning by Gottfired Leibbrandt, CEO of the company.

In a subsequent announcement, SWIFT explained that this test will link the SWIFT gpi interface with the Corda platform and monitor the flow of payments and APIs, in addition to the SWIFT ISO standards.

In said PoC, companies that use the R3 platform may authorize payments from their banks using gpi Link, said payments will be issued by the corporate banks, and the credit confirmation will be reported back to the platform using the Link gpi once complete. While the PoC will initially cover only the environment based on distributed accounting technology (DLT) of R3, then it will extend to support other non-DLT e-commerce platforms.

In addition, Leibbrandt shared the stage with Brad Garlinghouse, the CEO of Ripple, the main rival of SWIFT today.

A fintech finally materializing the next step for cryptocurrencies

WEe can recall that, in December of last year, R3 launched Corda Settler, an application that aims to facilitate payments of global cryptocurrencies within business blockchains, using the native token of Ripple, XRP, in the beginning.

At the time, R3 commented that XRP is the first cryptocurrency globally recognized to have the support of Settler, which aligned the ecosystems of Corda and XRP despite the legal disputes that Ripple was going through.

This is not the only key alliance that R3 consolidates in recent days, as this announcement came only a day after a joint initiative with SBI Holdings was finalized to encourage the growth and adoption of blockchain technology in Japan and the east. from Asia.

Published inFintech

Be First to Comment

Leave a Reply

%d bloggers like this: