BNP Paribas and BNY Mellon begin testing Ethereum L2 on-chain messaging with SWIFT

Jinse Finance reported that the Society for Worldwide Interbank Financial Telecommunication (SWIFT) previously disclosed that it is testing on-chain messaging functionality using the Ethereum L2 network Linea. According to the latest information, BNP Paribas and BNY Mellon have begun participating in the tests. The project currently involves "more than a dozen financial institutions." An anonymous source stated that the entire testing process is expected to take several months to complete, but it will bring significant technological transformation to the international interbank payments industry.