Banks are not typically replacing Swift, they are using Swift with a blockchain validator.
Banks are not typically replacing Swift, they are using Swift with a blockchain validator.
There are a number of banks working on this. Not just testing but in production, now.
The news… also… banks that I work with. https://www.finextra.com/newsarticle/44961/hsbc-and-ant-international-laud-results-of-blockchain-based-tokenized-deposit-transfers
So Mastercard is not doing blockchain, but plenty others are. https://www.finextra.com/newsarticle/44961/hsbc-and-ant-international-laud-results-of-blockchain-based-tokenized-deposit-transfers
Because 1) blockchain is far more secure than the older methods of xfer, 2) blockchain is faster than the current methods, and 3) blockchain is cheaper than the current methods.
I work with a few banks who are actively using this already and others who are developing the technology. Not sure where you get your information, but I can tell you first hand that banks and credit card company absolutely are using crypto right now.
Someone is a luddite. Crypto is now used by banks and credit card companies for xfer.
Excuse me. It’s the best looking dumpster on the road.
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Falcon 9 has been very reliable. It’s the new Starship that hasn’t quite worked properly yet.
I know. It hasn’t changed
It’s really too bad that Mapquest still looks like it’s from the 90s
Maybe they should join forces
https://www.swift.com/news-events/press-releases/swift-unlocks-potential-tokenisation-successful-blockchain-experiments
https://www.swift.com/news-events/press-releases/global-banks-use-swift-trialling-live-digital-asset-transactions-2025
https://www.fintechfutures.com/blockchain-crypto-digital-assets/more-banks-nuzzle-up-to-swift-s-nostro-blockchain-project
https://www.jpmorgan.com/kinexys/index
https://www.ulam.io/blog/blockchain-in-banking-use-cases-and-examples