Comment on Crypto is now as stable as the US economy!
kescusay@lemmy.world 4 weeks agoYou may work with banks that are experimenting with it, but it’s not going to replace things like SWIFT any time soon.
Comment on Crypto is now as stable as the US economy!
kescusay@lemmy.world 4 weeks agoYou may work with banks that are experimenting with it, but it’s not going to replace things like SWIFT any time soon.
Terevos@lemm.ee 4 weeks ago
Banks are not typically replacing Swift, they are using Swift with a blockchain validator.
kescusay@lemmy.world 4 weeks ago
OK, I’ll bite… Do you have any links to specific banks detailing their use of blockchain to make transfers to other banks?
Terevos@lemm.ee 4 weeks ago
swift.com/…/swift-unlocks-potential-tokenisation-…
swift.com/…/global-banks-use-swift-trialling-live…
fintechfutures.com/…/more-banks-nuzzle-up-to-swif…
www.jpmorgan.com/kinexys/index
ulam.io/…/blockchain-in-banking-use-cases-and-exa…
kescusay@lemmy.world 4 weeks ago
Well. I stand at least somewhat corrected. The SWIFT usage seems experimental right now, but Kinexys is clearly in use in production.