swiftblockchain
27,193 views
14 Discussing
Hot
Latest
đ¤Why is SWIFT Working with $LINEA Instead of RIPPLE?
Ripple and its $XRP token have long claimed to be a challenger to SWIFT as the global payment messaging system. Ripple's CEO Brad Garlinghouse has repeatedly said that Ripple aims to replace or significantly compete with SWIFT by providing a faster, cheaper, and more transparent blockchain-based alternative. Ripple's technology focuses on cross-border payments using XRP as a bridge currency to streamline liquidity and settlement, which is intended to reduce transaction times and costs compared to traditional SWIFT banking rails.
However, SWIFT's Chief Innovation Officer has publicly rejected XRP as a true replacement for SWIFT, citing governance concerns, regulatory challenges, and the need for trusted institutions in the global payment network. Despite Ripple piloting solutions and signing some institutional partners, major hurdles remain including regulatory uncertainty (especially from the SEC lawsuit, recently resolved), legacy bank reluctance to overhaul established systems, and the upcoming ISO 20022 migration deadline that XRP is not fully compliant with.
While Ripple has established itself as a major blockchain-based payments network and provides an alternative messaging and liquidity protocol, substantial skepticism remains about whether it will fully replace the entrenched SWIFT system in the near term. Ripple views blockchain as a modernization of financial infrastructure aimed at efficiency gains, but SWIFT currently maintains dominance due to its global ubiquity, regulatory alignment, and institutional trust.
#SWIFTBlockchain
Ripple and its $XRP token have long claimed to be a challenger to SWIFT as the global payment messaging system. Ripple's CEO Brad Garlinghouse has repeatedly said that Ripple aims to replace or significantly compete with SWIFT by providing a faster, cheaper, and more transparent blockchain-based alternative. Ripple's technology focuses on cross-border payments using XRP as a bridge currency to streamline liquidity and settlement, which is intended to reduce transaction times and costs compared to traditional SWIFT banking rails.
However, SWIFT's Chief Innovation Officer has publicly rejected XRP as a true replacement for SWIFT, citing governance concerns, regulatory challenges, and the need for trusted institutions in the global payment network. Despite Ripple piloting solutions and signing some institutional partners, major hurdles remain including regulatory uncertainty (especially from the SEC lawsuit, recently resolved), legacy bank reluctance to overhaul established systems, and the upcoming ISO 20022 migration deadline that XRP is not fully compliant with.
While Ripple has established itself as a major blockchain-based payments network and provides an alternative messaging and liquidity protocol, substantial skepticism remains about whether it will fully replace the entrenched SWIFT system in the near term. Ripple views blockchain as a modernization of financial infrastructure aimed at efficiency gains, but SWIFT currently maintains dominance due to its global ubiquity, regulatory alignment, and institutional trust.
#SWIFTBlockchain
đ The Future of Cross-Border Payments is Here! đđ¸
SWIFT meets Blockchain â faster, safer, smarter. Imagine moving money across the globe in seconds instead of days. đâ¨
Binance is at the forefront, bridging traditional finance and crypto innovation. The world of finance is evolvingâare you ready to ride the wave? đđ°
#CryptoRevolution #BlockchainInnovation #SWIFTBlockchain #BinancePower #FutureOfFinance
SWIFT meets Blockchain â faster, safer, smarter. Imagine moving money across the globe in seconds instead of days. đâ¨
Binance is at the forefront, bridging traditional finance and crypto innovation. The world of finance is evolvingâare you ready to ride the wave? đđ°
#CryptoRevolution #BlockchainInnovation #SWIFTBlockchain #BinancePower #FutureOfFinance
Why is SWIFT cozying up to $LINEA instead of $XRP (Ripple)?
Rippleâs been gunning for SWIFTâs crown for years, touting XRP as the ultimate bridge asset to fix sluggish, pricey cross-border payments. Brad Garlinghouse even boasted Ripple could *replace* SWIFT.
But hereâs the cold hard truth:
đŤ SWIFTâs Chief Innovation Officer slammed the door on XRP, citing governance issues, regulatory baggage, and the need for trusted players.
âď¸ The SEC lawsuit (now settled) left Ripple bruisedâbanks and regulators are still wary.
đ Rippleâs also dragging its feet on ISO 20022 compliance, a must-have for global financial messaging.
Meanwhile, SWIFTâs not snoozing. Itâs testing blockchain rails like $LINEA ânot to ditch its network, but to boost interoperability, speed, and transparency while keeping banksâ trust intact.
đ The real deal: Rippleâs built a solid payments network, but SWIFT wants partners who *complement*, not compete. $LINEA brings innovation without challenging SWIFTâs dominance.
The gameâs changedâitâs not Ripple vs. SWIFT anymore. Itâs about who helps SWIFT evolve while staying loyal to its throne.
#SWIFTBlockchain #XRP #LINEA #CryptoPayments #FedOfficialsSpeak
Rippleâs been gunning for SWIFTâs crown for years, touting XRP as the ultimate bridge asset to fix sluggish, pricey cross-border payments. Brad Garlinghouse even boasted Ripple could *replace* SWIFT.
But hereâs the cold hard truth:
đŤ SWIFTâs Chief Innovation Officer slammed the door on XRP, citing governance issues, regulatory baggage, and the need for trusted players.
âď¸ The SEC lawsuit (now settled) left Ripple bruisedâbanks and regulators are still wary.
đ Rippleâs also dragging its feet on ISO 20022 compliance, a must-have for global financial messaging.
Meanwhile, SWIFTâs not snoozing. Itâs testing blockchain rails like $LINEA ânot to ditch its network, but to boost interoperability, speed, and transparency while keeping banksâ trust intact.
đ The real deal: Rippleâs built a solid payments network, but SWIFT wants partners who *complement*, not compete. $LINEA brings innovation without challenging SWIFTâs dominance.
The gameâs changedâitâs not Ripple vs. SWIFT anymore. Itâs about who helps SWIFT evolve while staying loyal to its throne.
#SWIFTBlockchain #XRP #LINEA #CryptoPayments #FedOfficialsSpeak
đ¨ $SWIFT ENTERS #BLOCKCHAIN â THE FUTURE OF MONEY FLOW? đđą
The worldâs largest payments network, $SWIFT, is stepping boldly into the blockchain era.
From powering trillions in global transactions to now testing its own stablecoin and on-chain messaging with Linea ($LINEA
), the shift is nothing short of historic. đâĄ
Why this matters:
đŚ bigtim Banks Onboard â Institutional giants could finally accelerate blockchain adoption.
⥠Faster & Cheaper Transfers â Say goodbye to long delays and high fees.
đ Transparency & Trust â On-chain rails mean more clarity for regulators and users alike.
This isnât just another experimentâitâs a potential paradigm shift for cross-border payments. Imagine the speed of crypto, backed by the scale of SWIFT. đ
đ The question remains: Is this the moment blockchain becomes truly mainstream? đđĽ
#SWIFTBlockchain #StablecoinRevolution #FutureOfFinance
$LINEA
The worldâs largest payments network, $SWIFT, is stepping boldly into the blockchain era.
From powering trillions in global transactions to now testing its own stablecoin and on-chain messaging with Linea ($LINEA
), the shift is nothing short of historic. đâĄ
Why this matters:
đŚ bigtim Banks Onboard â Institutional giants could finally accelerate blockchain adoption.
⥠Faster & Cheaper Transfers â Say goodbye to long delays and high fees.
đ Transparency & Trust â On-chain rails mean more clarity for regulators and users alike.
This isnât just another experimentâitâs a potential paradigm shift for cross-border payments. Imagine the speed of crypto, backed by the scale of SWIFT. đ
đ The question remains: Is this the moment blockchain becomes truly mainstream? đđĽ
#SWIFTBlockchain #StablecoinRevolution #FutureOfFinance
$LINEA
CONSENSYS CEO JOE LUBIN CONFIRMS SWIFT IS USING LINEA
đđĽđĽđđ
Joe Lubin, CEO of ConsenSys, confirmed during a fireside chat at the TOKEN2049 conference in Singapore on October 2, 2025, that SWIFTâthe global financial messaging networkâwill build its new blockchain payment settlement platform on Ethereum's Layer 2 solution, $LINEA . This confirmation clarified earlier announcements from SWIFT, which revealed plans to create a 24/7 real-time crypto payments system with participation from over 30 major traditional financial institutions such as Bank of America, Citi, JPMorgan Chase, and Toronto-Dominion Bank but had not named the specific blockchain network initially.
The significance of this announcement is profound for both the Linea token and SWIFT. Developed by ConsenSys, Linea uses zk-EVM rollup technology to process transactions at a fraction of the cost and with greater speed compared to Ethereumâs mainnet, making it highly suitable for large-scale financial applications. Currently holding over $2.27 billion in total value locked, Linea ranks as one of the leading Ethereum Layer 2 solutions and now gains a major institutional endorsement through SWIFT's adoption.
For SWIFT, which handles roughly $150 trillion in global payments annually through traditional systems, shifting to a blockchain-based payments system on Linea represents a transformative move. It promises near-instant settlement times, reduced transaction costs, fewer errors, and continuous operation without intermediaries. This move also symbolizes the bridging of traditional finance (TradFi) and decentralized finance (DeFi), potentially reshaping global payments infrastructure.
For the Linea token, this development could significantly increase demand and adoption, as SWIFTâs network and its participants adopt the platformâs technology to power their next-generation payments system. This partnership not only validates Lineaâs technology but positions it as a competitive infrastructure contender against other blockchain payment networks like Rippleâs XRP Ledger.
In summary, Joe Lubinâs confirmation at TOKEN2049 highlighted both the strategic importance of Linea in enterprise blockchain adoption and SWIFTâs commitment to pioneering blockchain solutions for global finance, marking a key milestone in the evolution of financial technology.
#SWIFTBlockchain
Joe Lubin, CEO of ConsenSys, confirmed during a fireside chat at the TOKEN2049 conference in Singapore on October 2, 2025, that SWIFTâthe global financial messaging networkâwill build its new blockchain payment settlement platform on Ethereum's Layer 2 solution, $LINEA . This confirmation clarified earlier announcements from SWIFT, which revealed plans to create a 24/7 real-time crypto payments system with participation from over 30 major traditional financial institutions such as Bank of America, Citi, JPMorgan Chase, and Toronto-Dominion Bank but had not named the specific blockchain network initially.
The significance of this announcement is profound for both the Linea token and SWIFT. Developed by ConsenSys, Linea uses zk-EVM rollup technology to process transactions at a fraction of the cost and with greater speed compared to Ethereumâs mainnet, making it highly suitable for large-scale financial applications. Currently holding over $2.27 billion in total value locked, Linea ranks as one of the leading Ethereum Layer 2 solutions and now gains a major institutional endorsement through SWIFT's adoption.
For SWIFT, which handles roughly $150 trillion in global payments annually through traditional systems, shifting to a blockchain-based payments system on Linea represents a transformative move. It promises near-instant settlement times, reduced transaction costs, fewer errors, and continuous operation without intermediaries. This move also symbolizes the bridging of traditional finance (TradFi) and decentralized finance (DeFi), potentially reshaping global payments infrastructure.
For the Linea token, this development could significantly increase demand and adoption, as SWIFTâs network and its participants adopt the platformâs technology to power their next-generation payments system. This partnership not only validates Lineaâs technology but positions it as a competitive infrastructure contender against other blockchain payment networks like Rippleâs XRP Ledger.
In summary, Joe Lubinâs confirmation at TOKEN2049 highlighted both the strategic importance of Linea in enterprise blockchain adoption and SWIFTâs commitment to pioneering blockchain solutions for global finance, marking a key milestone in the evolution of financial technology.
#SWIFTBlockchain
đ¤ Why Did SWIFT Choose $LINEA Over $XRP (Ripple)?
For years, Ripple pitched $XRP as the bridge asset to revolutionize cross-border payments, with Brad Garlinghouse even suggesting it could replace SWIFT. But the reality looks different:
đŤ SWIFTâs leadership rejected XRP â citing governance issues, regulatory uncertainty, and the need to rely on trusted institutions.
âď¸ The SEC lawsuit may be behind Ripple now, but it left lasting scars. Banks and regulators remain cautious.
đ Ripple also lags on ISO 20022 compliance, the key messaging standard that global finance runs on.
Meanwhile, SWIFT hasnât been idle. Instead of adopting XRP, itâs exploring blockchain rails like LINAâ not to dismantle its own system, but to add speed, interoperability, and transparency while retaining the trust that banks demand.
The real story isnât Ripple vs. SWIFT anymore â itâs who helps SWIFT evolve without shaking its throne.
#SWIFTBlockchain #LINEA #XRP #FinTech #CrossBorder
For years, Ripple pitched $XRP as the bridge asset to revolutionize cross-border payments, with Brad Garlinghouse even suggesting it could replace SWIFT. But the reality looks different:
đŤ SWIFTâs leadership rejected XRP â citing governance issues, regulatory uncertainty, and the need to rely on trusted institutions.
âď¸ The SEC lawsuit may be behind Ripple now, but it left lasting scars. Banks and regulators remain cautious.
đ Ripple also lags on ISO 20022 compliance, the key messaging standard that global finance runs on.
Meanwhile, SWIFT hasnât been idle. Instead of adopting XRP, itâs exploring blockchain rails like LINAâ not to dismantle its own system, but to add speed, interoperability, and transparency while retaining the trust that banks demand.
The real story isnât Ripple vs. SWIFT anymore â itâs who helps SWIFT evolve without shaking its throne.
#SWIFTBlockchain #LINEA #XRP #FinTech #CrossBorder
ĐĄĐРпОвŃдОПиНи ĐżŃĐž йНОкŃоКн-ĐżŃĐťĐžŃ SWIFT на пНаŃŃĐžŃĐźŃ Linea
ĐĐľŃОдавнО ĐĐРпОвŃдОПиНи, ŃĐž ĐźŃМнаŃОдна пНаŃŃМна ŃиŃŃоПа SWIFT СапŃŃŃиНа ĐżŃНОŃниК ĐżŃĐžŃĐşŃ Đ˝Đ° ĐąĐ°ĐˇŃ ĐżĐťĐ°ŃŃĐžŃПи Linea вŃĐ´ ConsenSys, ŃĐž ĐżŃĐ°ŃŃŃ Đ˝Đ° ŃĐľŃ
нОНОгŃŃ Ethereum Layer-2. ЌоК ĐşŃОк ŃĐżŃŃПОваниК на поŃĐľĐ˛ĐľĐ´ĐľĐ˝Đ˝Ń ĐźŃМйанкŃвŃŃкиŃ
кОПŃĐ˝ŃкаŃŃĐš на йНОкŃоКн Đ´ĐťŃ ĐżŃдвиŃĐľĐ˝Đ˝Ń ŃвидкОŃŃŃ ŃĐ° ĐˇĐ˝Đ¸ĐśĐľĐ˝Đ˝Ń Đ˛Đ¸ŃŃĐ°Ń Đ˝Đ° гНОйаНŃĐ˝Ń ĐżĐťĐ°ŃоМŃ. ĐŁ ĐżŃĐžŃĐşŃŃ ĐąĐľŃŃŃŃ ŃŃĐ°ŃŃŃ ĐżŃОвŃĐ´Đ˝Ń ĐąĐ°Đ˝ĐşĐ¸, Đ° ŃакОМ пНанŃŃŃŃŃŃ ŃĐľŃŃŃĐ˛Đ°Đ˝Đ˝Ń ŃŃоКйНкОŃĐ˝-пОдŃйнОгО ŃОкона. Linea, ŃĐş zkEVM-пНаŃŃĐžŃПа, СайоСпоŃŃŃ Đ˛Đ¸ŃĐžĐşŃ ĐźĐ°ŃŃŃайОванŃŃŃŃ Ń ĐąĐľĐˇĐżĐľĐşŃ, ŃĐž ŃОйиŃŃ ŃŃ ĐżŃĐ¸Đ˛Đ°ĐąĐťĐ¸Đ˛ĐžŃ Đ´ĐťŃ ŃŃнанŃОвиŃ
ŃĐ˝ŃŃиŃŃŃŃв.
ĐŚŃ ŃĐ˝ŃŃŃĐ°Ńива ŃвŃĐ´ŃиŃŃ ĐżŃĐž ŃĐżŃĐžĐąŃ SWIFT Đ°Đ´Đ°ĐżŃŃваŃиŃŃ Đ´Đž ĐľŃи ŃиŃŃĐžĐ˛Đ¸Ń Đ˛Đ°ĐťŃŃ Ń ĐşĐžĐ˝ĐşŃŃŃваŃи С Đ°ĐťŃŃĐľŃнаŃивниПи ŃиŃŃоПаПи, ŃакиПи ŃĐş Ripple. ĐОднОŃĐ°Ń Đ˛ĐžĐ˝Đ° ПОМо дОпОПОгŃи пОдОНаŃи ĐżŃĐžĐąĐťĐľĐźŃ "ŃиŃŃĐžĐ˛Đ¸Ń ĐžŃŃŃОвŃв", кОНи ŃŃĐˇĐ˝Ń ĐżĐťĐ°ŃŃĐžŃПи ĐżŃĐ°ŃŃŃŃŃ ŃСОНŃОванО. ĐĐşŃпоŃŃи ĐżŃипŃŃкаŃŃŃ, ŃĐž ŃŃĐżŃŃниК ĐżŃĐťĐžŃ ĐźĐžĐśĐľ ŃадикаНŃнО СПŃниŃи ŃĐ˝ŃŃĐ°ŃŃŃŃĐşŃŃŃŃ ŃŃĐ°Đ˝ŃкОŃĐ´ĐžĐ˝Đ˝Đ¸Ń ĐżĐťĐ°ŃоМŃв, ŃкОŃĐžŃивŃи ŃĐ°Ń ĐžĐąŃОйки С Đ´Đ˝Ńв Đ´Đž Ń Đ˛Đ¸ĐťĐ¸Đ˝. ĐŃĐžŃĐľ Đ´ĐľŃĐ°ĐťŃ ĐżŃĐžŃĐşŃŃ ŃĐľ но ŃОСкŃиŃŃ, Đ° КОгО ПаŃŃŃайи ŃĐ° ŃĐľŃĐźŃни ŃоаНŃСаŃŃŃ ĐˇĐ°ĐťĐ¸ŃĐ°ŃŃŃŃŃ ĐżŃĐ´ пиŃаннŃĐź.
ĐŃдпиŃŃĐšŃĐľŃŃ Đ˝Đ° #MiningUpdates , ŃОй ĐąŃŃи в ĐşŃŃŃŃ Đ˝ĐžĐ˛Đ¸Đ˝ ĐżŃĐž йНОкŃоКн Ń ŃиŃŃĐžĐ˛Ń Đ˛Đ°ĐťŃŃи!
#SWIFTBlockchain #Linea #EthereumLayer2 #CryptoNews #BlockchainTech #digitalpayments #MiningUpdates
ĐŚŃ ŃĐ˝ŃŃŃĐ°Ńива ŃвŃĐ´ŃиŃŃ ĐżŃĐž ŃĐżŃĐžĐąŃ SWIFT Đ°Đ´Đ°ĐżŃŃваŃиŃŃ Đ´Đž ĐľŃи ŃиŃŃĐžĐ˛Đ¸Ń Đ˛Đ°ĐťŃŃ Ń ĐşĐžĐ˝ĐşŃŃŃваŃи С Đ°ĐťŃŃĐľŃнаŃивниПи ŃиŃŃоПаПи, ŃакиПи ŃĐş Ripple. ĐОднОŃĐ°Ń Đ˛ĐžĐ˝Đ° ПОМо дОпОПОгŃи пОдОНаŃи ĐżŃĐžĐąĐťĐľĐźŃ "ŃиŃŃĐžĐ˛Đ¸Ń ĐžŃŃŃОвŃв", кОНи ŃŃĐˇĐ˝Ń ĐżĐťĐ°ŃŃĐžŃПи ĐżŃĐ°ŃŃŃŃŃ ŃСОНŃОванО. ĐĐşŃпоŃŃи ĐżŃипŃŃкаŃŃŃ, ŃĐž ŃŃĐżŃŃниК ĐżŃĐťĐžŃ ĐźĐžĐśĐľ ŃадикаНŃнО СПŃниŃи ŃĐ˝ŃŃĐ°ŃŃŃŃĐşŃŃŃŃ ŃŃĐ°Đ˝ŃкОŃĐ´ĐžĐ˝Đ˝Đ¸Ń ĐżĐťĐ°ŃоМŃв, ŃкОŃĐžŃивŃи ŃĐ°Ń ĐžĐąŃОйки С Đ´Đ˝Ńв Đ´Đž Ń Đ˛Đ¸ĐťĐ¸Đ˝. ĐŃĐžŃĐľ Đ´ĐľŃĐ°ĐťŃ ĐżŃĐžŃĐşŃŃ ŃĐľ но ŃОСкŃиŃŃ, Đ° КОгО ПаŃŃŃайи ŃĐ° ŃĐľŃĐźŃни ŃоаНŃСаŃŃŃ ĐˇĐ°ĐťĐ¸ŃĐ°ŃŃŃŃŃ ĐżŃĐ´ пиŃаннŃĐź.
ĐŃдпиŃŃĐšŃĐľŃŃ Đ˝Đ° #MiningUpdates , ŃОй ĐąŃŃи в ĐşŃŃŃŃ Đ˝ĐžĐ˛Đ¸Đ˝ ĐżŃĐž йНОкŃоКн Ń ŃиŃŃĐžĐ˛Ń Đ˛Đ°ĐťŃŃи!
#SWIFTBlockchain #Linea #EthereumLayer2 #CryptoNews #BlockchainTech #digitalpayments #MiningUpdates
See original
On November 22, 2025, a super strategic movement is coming that will shake the conventional world of global Financeđđđâ
ď¸đ˘đ˘đ˘đđâ¨ď¸đĽđĽ
SWIFT will deactivate its old system and switch to ISO 20022, the new language of money, and while everyone expected this obsolete swap system to disappear, it is a move that involves the adoption of the new system and cooperation and coordination with specially designed assets to operate in the same direction but with unprecedented speed and incredible security, trust, and cost..
Banks, governments, and financial networks are forced to adapt to this new reality because otherwise, they will remain in the old scheme and are clients.
Now, who is prepared for this great movement âď¸âď¸ Only a small number of cryptocurrencies are designed for this new system and great utility in the transaction system, cross-border payments:
$XRP $XLM $QNT $ALGO $HBAR $IOTA $XDC and $ADA
#SWIFTBlockchain
SWIFT will deactivate its old system and switch to ISO 20022, the new language of money, and while everyone expected this obsolete swap system to disappear, it is a move that involves the adoption of the new system and cooperation and coordination with specially designed assets to operate in the same direction but with unprecedented speed and incredible security, trust, and cost..
Banks, governments, and financial networks are forced to adapt to this new reality because otherwise, they will remain in the old scheme and are clients.
Now, who is prepared for this great movement âď¸âď¸ Only a small number of cryptocurrencies are designed for this new system and great utility in the transaction system, cross-border payments:
$XRP $XLM $QNT $ALGO $HBAR $IOTA $XDC and $ADA
#SWIFTBlockchain
đ¨đ¨ SWIFT and LINEA to Test System On-Chain đ¨đ¨
SWIFT, the global banks payment network, has selected $LINEA , an Ethereum Layer 2 (L2) network developed by Consensys, to pilot moving its traditional interbank messaging system on-chain and to explore the use of a stablecoin.
This initiative involves more than a dozen major banks including BNP Paribas and BNY Mellon. The pilot aims to test how blockchain-based interbank messaging and stablecoin-like settlements can improve speed, transparency, and compliance while maintaining privacy using Linea's zero-knowledge rollup (zk-rollup) technology.
This marks a significant step for SWIFT in integrating blockchain technology and stablecoins into traditional finance, building on its broader digital asset initiatives. The project is seen as a major technological transformation for international interbank payments, targeting a more efficient and programmable payment infrastructure while meeting regulatory requirements.
#SWIFTBlockchain
SWIFT, the global banks payment network, has selected $LINEA , an Ethereum Layer 2 (L2) network developed by Consensys, to pilot moving its traditional interbank messaging system on-chain and to explore the use of a stablecoin.
This initiative involves more than a dozen major banks including BNP Paribas and BNY Mellon. The pilot aims to test how blockchain-based interbank messaging and stablecoin-like settlements can improve speed, transparency, and compliance while maintaining privacy using Linea's zero-knowledge rollup (zk-rollup) technology.
This marks a significant step for SWIFT in integrating blockchain technology and stablecoins into traditional finance, building on its broader digital asset initiatives. The project is seen as a major technological transformation for international interbank payments, targeting a more efficient and programmable payment infrastructure while meeting regulatory requirements.
#SWIFTBlockchain
My Assets Distribution
BTC
SOL
Others
67.76%
11.81%
20.43%
$SWIFT Steps Into Blockchain â The Future of Global Money Movement?
The worldâs largest payments network, $SWIFT, is entering the blockchain era.
From powering trillions in global transfers to now piloting a stablecoin and on-chain messaging with Linea ($LINEA ), this move marks a historic shift.
Why It Matters:
Major banks could accelerate blockchain adoption.
Faster, cheaper transfers with reduced delays and costs.
Greater transparency and trust through on-chain rails.
This isnât just another testâit could be a paradigm shift for cross-border payments. Imagine the speed of crypto combined with the scale of SWIFT.
The real question: is this the moment blockchain finally goes mainstream?
#SWIFTBlockchain #Edward_Bnb1 #StablecoinRevolution #FutureOfFinance $LINEA
The worldâs largest payments network, $SWIFT, is entering the blockchain era.
From powering trillions in global transfers to now piloting a stablecoin and on-chain messaging with Linea ($LINEA ), this move marks a historic shift.
Why It Matters:
Major banks could accelerate blockchain adoption.
Faster, cheaper transfers with reduced delays and costs.
Greater transparency and trust through on-chain rails.
This isnât just another testâit could be a paradigm shift for cross-border payments. Imagine the speed of crypto combined with the scale of SWIFT.
The real question: is this the moment blockchain finally goes mainstream?
#SWIFTBlockchain #Edward_Bnb1 #StablecoinRevolution #FutureOfFinance $LINEA
đ¨đ¨SWIFT CEO Javier PĂŠrez-Tasso Announces Blockchain Ledger Initiative with 30+ Banks Using LINEAđ¨đ¨
SWIFT CEO Javier PĂŠrez-Tasso officially announced that SWIFT is building a blockchain-based shared ledger in collaboration with more than 30 global banks, utilizing Consensysâ Ethereum Layer 2 platform, $LINEA . This initiative aims to transform global payments by enabling real-time, 24/7 cross-border transactions at scale using regulated, tokenized assets.
The blockchain ledger, currently in a prototype phase with Consensys, is designed to serve as a secure, real-time log of transactions between financial institutions, leveraging smart contracts to enforce rules and ensure compliance. It will be interoperable with both existing fiat networks and emerging blockchain systems, maintaining SWIFTâs trusted resilience and security.
Financial institutions from 16 countries, including major banks such as Bank of America, BNP Paribas, and HSBC, are actively contributing to the design and development of this infrastructure. PĂŠrez-Tasso highlighted at SWIFTâs annual Sibos conference that this project represents a rapid leap towards âcreating the infrastructure stack of the future,â positioning SWIFT at the center of the financial industryâs digital transformation.
This shared ledger initiative marks a strategic evolution for SWIFT from a messaging platform to an enabler of digital settlements, aiming to reduce inefficiencies, speed up payments, and provide a foundation for future digital currency ecosystems worldwide.
This collaboration underscores the convergence of traditional and
decentralized finance, with Consensys bringing key technical expertise in Ethereum-based solutions to support SWIFTâs vision for scalable, compliant, and interoperable global finance infrastructure.
#SWIFTBlockchain
SWIFT CEO Javier PĂŠrez-Tasso officially announced that SWIFT is building a blockchain-based shared ledger in collaboration with more than 30 global banks, utilizing Consensysâ Ethereum Layer 2 platform, $LINEA . This initiative aims to transform global payments by enabling real-time, 24/7 cross-border transactions at scale using regulated, tokenized assets.
The blockchain ledger, currently in a prototype phase with Consensys, is designed to serve as a secure, real-time log of transactions between financial institutions, leveraging smart contracts to enforce rules and ensure compliance. It will be interoperable with both existing fiat networks and emerging blockchain systems, maintaining SWIFTâs trusted resilience and security.
Financial institutions from 16 countries, including major banks such as Bank of America, BNP Paribas, and HSBC, are actively contributing to the design and development of this infrastructure. PĂŠrez-Tasso highlighted at SWIFTâs annual Sibos conference that this project represents a rapid leap towards âcreating the infrastructure stack of the future,â positioning SWIFT at the center of the financial industryâs digital transformation.
This shared ledger initiative marks a strategic evolution for SWIFT from a messaging platform to an enabler of digital settlements, aiming to reduce inefficiencies, speed up payments, and provide a foundation for future digital currency ecosystems worldwide.
This collaboration underscores the convergence of traditional and
decentralized finance, with Consensys bringing key technical expertise in Ethereum-based solutions to support SWIFTâs vision for scalable, compliant, and interoperable global finance infrastructure.
#SWIFTBlockchain
See original
Good info from ChatGPT đ¤đŁđ´
đ What does the SWIFTâLinea pilot really mean?
1. SWIFT is testing blockchain messaging, not DeFi
SWIFT is less interested in Linea's 'DeFi ecosystem' and more in the messaging layer.
They are examining whether blockchain-based message transmission:
is faster
can be cheaper
is more secure
and globally synchronized
than their current infrastructure (SWIFT MT/MX).
Important: These are technical tests, not integration into live operations â not yet.
2. The pilot shows: SWIFT wants to coordinate on-chain transactions
1. SWIFT is testing blockchain messaging, not DeFi
SWIFT is less interested in Linea's 'DeFi ecosystem' and more in the messaging layer.
They are examining whether blockchain-based message transmission:
is faster
can be cheaper
is more secure
and globally synchronized
than their current infrastructure (SWIFT MT/MX).
Important: These are technical tests, not integration into live operations â not yet.
2. The pilot shows: SWIFT wants to coordinate on-chain transactions
Login to explore more contents