News
The bank is shutting down the SWIFT network as protests rocked the country.
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SWIFT News
SWIFT, or a Society for Worldwide Interbank Financial Telecommunication, is a co-operative organization that is the provider of the SWIFT network — a standard for exchanging transaction information between financial institutions. SWIFT was founded in 1973 in Belgium. SWIFT is currently used by most international banks and is famous for its secure and trusted network. That being said, SWIFT has its flaws and is investing in the further development the system. With multiple blockchain competitor companies like Ripple, which plans to speed up and establish the highest level of security in banking transactions, SWIFT is actively working on implementing blockchain technology into their protocol. SWIFT’s blockchain tests have already been conducted and have showed very good results. However, SWIFT’s team concluded that distributed ledger technology should be improved in order for it to be implemented into the international banking system.
- Analysis
Despite Ethereum’s proposal to fix its high fees, some feel that more needs to be done to improve the network.
19266 - Analysis
Despite the interest currently surrounding the digital yuan, some are not yet sure of the project’s overall scope and mainstream viability.
12089 - Opinion
Exploring six major points regarding Tether’s impact on geopolitics and the future development of sovereign digital currency.
4590 - News
Thai Stellar-based blockchain startup Lightnet raised $31.2 million in a Series A funding round led by major financial conglomerates in South East Asia.
8981 - Follow up
With Chinese President Xi Jinping recently showcasing support for blockchain, local media is seemingly changing its sentiment toward crypto.
3146 - News
Ripple CEO Brad Garlinghouse predicts that 99% of all crypto will likely go to zero as they are not focused on real problems.
28023 - Video
Cointelegraph travelled to London to learn how the biggest names in finance — including IBM, Accenture, and McKinsey & Company — are adopting blockchain technology.
3217 - News
Representatives at interbank payments network provider SWIFT have lambasted cryptocurrencies as being “useless and unstable.”
6620 - Analysis
With SWIFT looking to match Ripple’s transaction settlement rate, is speed the determining factor by which the success of a payment network will be measured?
14271 - News
SWIFT says it conducted a successful trial of instant cross-border transfers in Asia.
16930 - News
The Japanese government is attempting to spearhead the creation of a new, global cryptocurrency payments network that would be similar to SWIFT.
16250 - News
SWIFT will enable blockchain-based platforms to use its global payments innovation platform.
6690 - News
Global financial messaging network SWIFT is carrying out a DLT-based shareholder e-voting proof-of-concept in the first half of this year.
4308 - News
U.S. banking giant JPMorgan Chase will begin conducting tests of its bespoke coin in the next several months, an executive said.
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