SWIFT, a key part of the conventional financial system that conveys cross-border payments between banks, has presented a framework for a global central bank digital currency (CBDC) system, claiming to have solved the challenge of interoperability between different networks. Following experiments involving the central banks of France and Germany as well as HSBC, NatWest, Standard Chartered, UBS and Wells Fargo, SWIFT said it has carried out transactions between different blockchain networks, using both CBDCs and fiat currencies. CBDCs are not exactly cryptocurrencies like bitcoin (BTC), but they're cousins that share ... (full story)