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Kosta Gushterov

Citi and Swift Complete Simultaneous Fiat-Blockchain Settlement Using Payment-versus-Payment Model

Citi and Swift have successfully tested a Payment-versus-Payment model that settles fiat currency and blockchain assets simultaneously. The trial used smart contracts to enhance Swift's existing network rather than replacing traditional banking infrastructure. The breakthrough addresses a key bottleneck in institutional digital asset adoption by eliminating settlement risk between traditional and on-chain transactions.
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