MTK@lemmy.world to Showerthoughts@lemmy.world · 2 years agoCrypto is now as stable as the US economy!message-squaremessage-square34linkfedilinkarrow-up1336file-text
arrow-up1336message-squareCrypto is now as stable as the US economy!MTK@lemmy.world to Showerthoughts@lemmy.world · 2 years agomessage-square34linkfedilinkfile-text
minus-squarekescusay@lemmy.worldlinkfedilinkarrow-up3·2 years agoYou may work with banks that are experimenting with it, but it’s not going to replace things like SWIFT any time soon.
minus-squareTerevos@lemm.eelinkfedilinkarrow-up2·2 years agoBanks are not typically replacing Swift, they are using Swift with a blockchain validator.
minus-squarekescusay@lemmy.worldlinkfedilinkEnglisharrow-up1·2 years agoOK, I’ll bite… Do you have any links to specific banks detailing their use of blockchain to make transfers to other banks?
minus-squareTerevos@lemm.eelinkfedilinkarrow-up2·2 years agohttps://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
minus-squarekescusay@lemmy.worldlinkfedilinkEnglisharrow-up3·2 years agoWell. I stand at least somewhat corrected. The SWIFT usage seems experimental right now, but Kinexys is clearly in use in production.
You may work with banks that are experimenting with it, but it’s not going to replace things like SWIFT any time soon.
Banks are not typically replacing Swift, they are using Swift with a blockchain validator.
OK, I’ll bite… Do you have any links to specific banks detailing their use of blockchain to make transfers to other banks?
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
Well. I stand at least somewhat corrected. The SWIFT usage seems experimental right now, but Kinexys is clearly in use in production.