SWIFT to allow blockchain platforms to process GPI-payments

SWIFT, which is one of the largest messaging solutions providers for the global market is going to allow blockchain-based platforms to process GPI-payments. GPI, which is an abbreviation for Global Payments Innovation is a platform based on the SWIFT groundwork. The main value of the project is that it speeds up international transactions and helps users receive funds in a matter of minutes. GPI is able to speed up the transactions by automating bank connections while also maintaining a transparent nature for future audit purposes. SWIFT’s idea of GPI was to incorporate the majority of cross border transactions into their