Crypto executives say new blockchain payment infrastructure could make Swift obsolete. Bankers say its 11,500-institution network gives it the power to absorb the technology instead.
- Swift is adding blockchain capabilities to its vast banking network as stablecoins and tokenized deposits promise faster, cheaper and round-the-clock cross-border payments.
- Supporters say Swift’s connections to 11,500 financial institutions could make it a trusted interoperability layer linking fragmented bank ledgers and blockchain networks.
- Banks expect traditional and blockchain-based payment systems to coexist, but Swift could lose relevance if institutions develop networks that settle transactions directly without its messaging infrastructure.
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The Definitive Stablecoin Landscape Series: Asia Pacific
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Why it matters :
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Crypto poured years into new products. The next challenge is keeping users
The Clarity Act stalled. Bankers aren’t hitting the brakes yet on crypto dealmaking
Payments firm OpenPayd targets year-end Nasdaq listing to fund U.S. expansion and acquisitions
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