SWIFT Announces PoC Gateway With R3, but Remains Overall Hesitant About Blockchain

On Jan. 30, major global banking payments network SWIFT announced it plans to launch a proof-of-concept (PoC) of a gateway — titled GPI Link — that will allow blockchain software firm R3 to connect to SWIFT’s Global Payments Innovation (GPI) payments from its platform.

Therefore, SWIFT has made another step toward adopting blockchain, despite having expressed concerns over the technology’s maturity in the past. However, SWIFT’s competitors have already voiced their concerns, saying that the new system is not decentralized enough.

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