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cryptonews 2023-10-27 18:00:02

Deutsche Bank and Standard Chartered Venture into SWIFT Alternative for CBDCs

Deutsche Bank and Standard Chartered’s venture arm SC Ventures are exploring a solution that aims to enable seamless communication between blockchain-based transactions, stablecoins, and central bank digital currencies (CBDCs). The two banks are actively testing the concept using the Universal Digital Payments Network (UDPN), a permissioned blockchain system that involves a consortium of banks, financial The post Deutsche Bank and Standard Chartered Venture into SWIFT Alternative for CBDCs appeared first on Cryptonews .

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