SWIFT News

Binance stressed that credit and debit card payments will continue to be accepted and that non-USD bank transfers would still be processed through the SWIFT payment system.

Another major financial institution has signaled its intent to offer Bitcoin and Ether services to its clients.

According to Chainalysis data, Russia’s stablecoin usage has increased since the onset of the war, due partly to ordinary Russian citizens seeking to protect their assets.

Visa is set to integrate its B2B Connect network with JPMorgan’s suit of blockchain-based cross-border payment products.

Are TradFi and DeFi converging, moving toward a middle ground that includes tokenized assets, interoperability and regulation?

The project will connect SWIFT’s network to nearly every blockchain to allow traditional finance players access to digital and traditional assets on one network.

The message-system processes over five billion transactions a year and seeks to maintain its relevance by integrating disruptive technologies to its business.

Michael Miebach, CEO of Mastercard, told an audience of blockchain executives that he expects SWIFT to phase out of existence in as little as five years' time.

The bank messaging service, which dates back to the 1970s, is looking to connect CBDCs to each other and to traditional currencies as it tries to stay up to date.

Pro traders often use the risk reversal options strategy to hedge their bets and profit in the case of an unexpected rally.

In addition to condemning Putin’s move to invade Ukraine, the European Commission committed to a series of measures meant to isolate Russia from the international financial system.

The past two years were much harder on the dollar, however.

This seemingly fight-or-flight response to blockchain’s rising ubiquity may be too little, too late.

The bank is shutting down the SWIFT network as protests rocked the country.

Despite Ethereum’s proposal to fix its high fees, some feel that more needs to be done to improve the network.