{"id":2082,"date":"2026-04-11T21:20:39","date_gmt":"2026-04-11T21:20:39","guid":{"rendered":"https:\/\/www.europesays.com\/spain\/2082\/"},"modified":"2026-04-11T21:20:39","modified_gmt":"2026-04-11T21:20:39","slug":"bbva-partners-with-swift-to-embed-blockchain-technology-in-the-global-financial-system","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/spain\/2082\/","title":{"rendered":"BBVA partners with Swift to embed blockchain technology in the global financial system"},"content":{"rendered":"<p>The <a href=\"https:\/\/www.swift.com\/news-events\/news\/swift-introduces-blockchain-based-ledger\" target=\"_blank\" rel=\"noopener nofollow\">new network<\/a> will function as a shared, secure digital ledger where banks can record their international transactions in real time, sorting and validating them through smart contracts. Thus, payments made through SWIFT\u2019s blockchain will be available 24 hours a day, seven days a week, with lower costs and without intermediaries. In addition, it will support transactions with <a href=\"https:\/\/www.bbva.com\/en\/innovation\/stablecoins-what-are-they-and-what-do-they-do\/\" rel=\"nofollow noopener\" target=\"_blank\">stablecoins<\/a> and tokenized financial assets (digitally represented money, bonds, or deposits), which can be transferred between blockchain networks instantly, securely, and traceably.<\/p>\n<p>SWIFT is working on the prototype in collaboration with Consensys, a company specializing in blockchain solutions. Next steps involve developing and testing use cases to assess how this technology can be integrated into the global financial system. BBVA will provide the consortium with its expertise in digital innovation and global services to validate use cases such as business-to-business payments, international remittances, and asset settlement.<\/p>\n<p>Eva Rubio, Head of Global Transaction Banking at BBVA Corporate &amp; Investment Banking, said: \u201cSWIFT\u2019s digital ledger initiative is a game-changer for the future of crossborder payments. The ability to settle regulated value in real time, with the reliability and security that the industry expects from SWIFT,\u00a0 will unlock new efficiencies and opportunities for our clients. At BBVA, we are committed to collaborating on this next chapter of financial innovation to deliver the speed, transparency and resilience that businesses and consumers need in a digital world.\u201d<\/p>\n<p>The goal is to move toward a financial system in which international financial transactions are as agile and secure as local transactions. The platform will be interoperable and able to connect with current and future financial networks under the governance and regulatory compliance standards with which SWIFT operates.<\/p>\n<p>The new system will enable financial institutions to securely offer:<\/p>\n<p>Instant international payments that are not dependent on banking hours or business days.<br \/>\nInteroperability between existing payment systems, fiat currencies, stablecoins, and digital assets.<br \/>\nLower transaction costs by streamlining processes and cutting out middlemen.<br \/>\nMore efficient international settlement processes.<\/p>\n","protected":false},"excerpt":{"rendered":"The new network will function as a shared, secure digital ledger where banks can record their international transactions&hellip;\n","protected":false},"author":2,"featured_media":2083,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[123],"tags":[148],"class_list":{"0":"post-2082","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bbva","8":"tag-bbva"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/posts\/2082","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/comments?post=2082"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/posts\/2082\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/media\/2083"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/media?parent=2082"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/categories?post=2082"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/tags?post=2082"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}