MTK@lemmy.world to Showerthoughts@lemmy.world · 2 months agoCrypto is now as stable as the US economy!message-squaremessage-square36fedilinkarrow-up1335arrow-down112file-text
arrow-up1323arrow-down1message-squareCrypto is now as stable as the US economy!MTK@lemmy.world to Showerthoughts@lemmy.world · 2 months agomessage-square36fedilinkfile-text
minus-squareTerevos@lemm.eelinkfedilinkarrow-up2·2 months agoBanks are not typically replacing Swift, they are using Swift with a blockchain validator.
minus-squarekescusay@lemmy.worldlinkfedilinkEnglisharrow-up1·2 months 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 months 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 months agoWell. I stand at least somewhat corrected. The SWIFT usage seems experimental right now, but Kinexys is clearly in use in production.
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.