The post Swift declares blockchain ledger ready in 17-bank, cross-continent pilot launch appeared on BitcoinEthereumNews.com.
Swift announced in a July 9 statement that its blockchain-based ledger is open for business, with 17 lenders already lined up to start using it to send cross-border payments across six continents using tokenized deposits. Swift is big news from a network that already processes the equivalent of global GDP every 2 to 3 days across more than 200 markets. Now, the infrastructure is in place for banks and corporate treasuries to settle international transfers round the clock. Today’s announcement lays the groundwork for the first public demonstration of a ledger that Swift first showcased at its Sibos conference in September 2025. What does Swift’s blockchain ledger do? The blockchain-based ledger that Swift introduced Thursday is not a payments platform in the traditional sense. The ledger, which runs on Hyperledger Besu, an open-source, Ethereum-compatible fram
The post Swift Readies Ledger for 24/7 Token Transfers—Though True Settlement Is Stuck on Old Rails appeared on BitcoinEthereumNews.com.
In brief Swift’s pilot allows 17 global banks to transfer tokenized deposits on weekends, but ultimate settlement still relies on legacy, business-hour systems. Participating institutions include major Global Systemically Important Banks such as Citi, HSBC, BNY, and Wells Fargo. Though built with Ethereum-compatible architecture, the blockchain-based ledger remains a largely centralized network. Swift, the financial gatekeeper connecting thousands of banks across the globe, said on Thursday that a dozen-plus institutions are preparing to use its “blockchain-based ledger.” The member-owned cooperative, which has functioned as the traditional financial system’s backbone for decades, expects 17 banks across six continents to participate in a pilot program involving the exchange of tokens that represent deposits, according to an announcement. Highlighting
The post Swift readies blockchain ledger for live tokenized payment pilots with 17 global banks appeared on BitcoinEthereumNews.com.
Swift has moved its blockchain-based ledger from development to live implementation. It announced that 17 banks across six continents are preparing to pilot cross-border payments using tokenized deposits. The milestone marks Swift’s first live use case for the ledger. It enables participating banks to offer 24/7 cross-border payments while continuing to settle transactions through existing financial infrastructure. The move signals growing institutional adoption of regulated digital asset technology rather than public blockchain payment networks. Swift shifts from blockchain testing to live pilots Swift said its blockchain-based ledger is now ready for initial use, less than a year after the project was announced. The shared ledger acts as an orchestration layer that allows banks to move tokenized deposits issued on their own ledgers. This enables custo
The post Polygon News: PayPal Partners With Polygon to Boost PYUSD Stablecoin Adoption appeared on BitcoinEthereumNews.com.
PayPal launches PYUSD stablecoin natively on Polygon, helping businesses make faster, regulated global payments through the new Open Money Stack platform. PayPal has expanded its blockchain payment strategy through a new partnership with Polygon. The company has introduced its stablecoin PYUSD natively on the Polygon network. As a result, businesses can make faster and lower-cost global payments. Additionally, the launch links PYUSD with Polygon’s Open Money Stack to facilitate regulated cross-border transactions. PayPal Launches Native PYUSD on Polygon for Global Payments PayPal USD (PYUSD) is a stablecoin backed by the U.S. dollar and issued by Paxos. The stablecoin is regulated by the Office of the Comptroller of the Currency (OCC). Now, businesses can directly use PYUSD on the Polygon blockchain. NEW: @PayPal USD (PYUSD) is now issued natively on Polygon Chain
The post Exclusive: Gonka Co-Creators on AI Compute, Blockchain, and the Future of Decentralized AI appeared on BitcoinEthereumNews.com.
CoinEdition spoke exclusively with Gonka co-creators David and Daniil Liberman ahead of WebX Japan 2026, where the project will participate as a Sponsor. During the interview, they shared their views on decentralized AI infrastructure, the growing concentration of AI computing power, blockchain’s role in addressing those challenges, and Gonka’s long-term vision for open AI compute. 1. Gonka is joining WebX Japan 2026 as a Platinum Sponsor. What made this event the right place to showcase your vision, and what are you most looking forward to during the conference? We have always believed that smaller countries do not need to beat the US or China one by one. They need equal access through shared infrastructure and open protocols. Asia is deeply aware of this dynamic. WebX brings together the exact kind of global builders who recognize that AI is pure in
PayPal launches PYUSD stablecoin natively on Polygon, helping businesses make faster, regulated global payments through the new Open Money Stack platform. PayPal has expanded its blockchain payment strategy through a new partnership with Polygon. The company has introduced its stablecoin PYUSD natively on the Polygon network. As a result, businesses can make faster and lower-cost […]
The post PayPal Partners With Polygon to Boost PYUSD Stablecoin Adoption appeared first on Live Bitcoin News.
Robinhood Chain will send 10% of protocol revenue to the Arbitrum ecosystem. Arbitrum DAO treasury receives 8% while development funding gets 2% of fees. Enterprise Layer 2 adoption could create new recurring revenue streams for Arbitrum. Arbitrum could benefit from rising enterprise blockchain adoption after a new revenue-sharing model linked its ecosystem to Robinhood Chain. […]
The post Arbitrum Set to Gain From Robinhood Chain as Enterprise Adoption Grows appeared first on Live Bitcoin News.
The EU's new 'Buy European' procurement rules could reshape how blockchain and crypto firms compete for 2.5 trillion in annual public contracts across the
The post EU drafts ‘Buy European’ rules to limit foreign supplier bids, and crypto firms should pay attention appeared first on Crypto Briefing.
The integration of crypto in the 2026 World Cup highlights the growing influence of blockchain in global sports, impacting fan engagement and investments.
The post Kraken, Chiliz, and Avalanche are the real World Cup quarter-final players appeared first on Crypto Briefing.
