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Through the International System SWIFT transfers of digital currencies will soon be possible.



The international system SWIFT began preparations for cross-border transfers of digital currencies, which are issued by central banks around the world. This is reported in a joint report of SWIFT and Accenture on digital currencies of central banks. SWIFT is an international system for transmitting financial messages and a provider of financial services. Its participants are about 11,000 credit institutions in more than 200 countries.

"We have begun experimenting with CBDC (central bank digital currencies) to enable cross-border payments for our members between central bank digital currencies and traditional payment systems," the report says. The report's authors believe that the compatibility of digital currencies with the current payment infrastructure will be an important factor in their future use, and SWIFT could play a key role in a payment ecosystem that includes digital currencies.
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