BNY Mellon and Société Générale have begun testing Ethereum L2 on-chain messaging with SWIFT

ChainCatcher news, according to FinanceFeeds, the Society for Worldwide Interbank Financial Telecommunication (SWIFT) has previously disclosed that it is using the Ethereum L2 network Linea to test messaging capabilities on the chain.

According to the latest news, BNP Paribas and BNY Mellon have begun participating in the testing, which currently involves "more than a dozen financial institutions." A source who wished to remain anonymous 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 payment industry.