Comment on Crypto is now as stable as the US economy!
kescusay@lemmy.world 1 year 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 1 year 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 1 year ago
Banks are not typically replacing Swift, they are using Swift with a blockchain validator.
kescusay@lemmy.world 1 year 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 1 year 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 1 year ago
Well. I stand at least somewhat corrected. The SWIFT usage seems experimental right now, but Kinexys is clearly in use in production.