The post Crypto News: SWIFT Partners with Ethereum Layer-2 Linea as Token Surges 15% appeared on BitcoinEthereumNews.com.

Key Insights: SWIFT chose the Ethereum Layer-2 network Linea for an interbank on-chain messaging system pilot, as per recent crypto news. More than a dozen major banks, including BNP Paribas and BNY Mellon, will participate in the trial phase. LINEA token price jumped from $0.02544 to $0.02932 in a few hours after the report. SWIFT selected Consensys-developed Linea as its blockchain partner for testing an on-chain messaging system that could transform interbank communications, as The Big Whale reported on Sept. 26. This crypto news triggered immediate market reaction. LINEA token price surged 15.2% within a few hours after the report surfaced. Linea (LINEA) 1-hour price chart | Source: TradingView Major Banks Join Blockchain Messaging Experiment After months of negotiations, SWIFT selected Linea, an Ethereum layer-2 network, to experiment with transitioning its messaging system to an on-chain approach. More than a dozen banks committed to the trial phase. This included BNP Paribas and BNY Mellon, signaling significant institutional interest in blockchain-based financial infrastructure. A source at one of the participating banks noted in the report: “The project will take several months to see the light of day, but it promises a major technological transformation for the international interbank payments industry.” SWIFT also confirmed development of an “interbank token” alongside the messaging system pilot. Thus, expanding its blockchain experimentation beyond communications into digital currency infrastructure. The source also highlighted that the selection of Linea represented a strategic decision focused on transaction confidentiality and regulatory compliance requirements. Developed by Consensys, Linea operates as an Ethereum layer-2 network that emphasizes advanced cryptographic proofs for transaction privacy and security. SWIFT’s banking consortium believed blockchain technologies could offer greater speed, transparency, and programmability in payment processing without compromising strict regulatory controls. Linea’s focus on transaction confidentiality through cryptographic proofs aligned with banks’ data protection imperatives and…

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Filed under: News - @ September 26, 2025 8:26 pm