Global: Swift CEO Announces Tie-up with Blockchain Start-up R3

CNBC

Swift, the financial messaging service for the world’s biggest banks, is partnering with blockchain start-up R3. Gottfried Leibbrandt, Swift’s chief executive, said the institution would integrate R3′s platform with its new payments standards framework GPI, or Global Payments Innovation. “We are announcing later today a proof-of-concept with the R3 blockchain on trade where you can initiate a payment on the trade platform and then it goes into GPI,” Leibbrandt said at a CNBC-moderated panel session at the Paris Fintech Forum on Wednesday.

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