SWIFT Officially Announces Major Upgrade 🔗 International Transfers Are About to Change
Cross-border payments giant SWIFT is partnering with 30+ leading global banks and ConsenSys to build a blockchain ledger system, aiming to enable 24/7 instant international remittances.
Key numbers:
• Processes $1.5 quadrillion in transfers annually
• Covers 11,500+ financial institutions
• G-SIBs like JPMorgan, Bank of America, Citi already participating
• Banks from 16 countries provided feedback
This is no small move—SWIFT is joining forces with the Ethereum ecosystem (ConsenSys is backed by an Ethereum
Cross-border payments giant SWIFT is partnering with 30+ leading global banks and ConsenSys to build a blockchain ledger system, aiming to enable 24/7 instant international remittances.
Key numbers:
• Processes $1.5 quadrillion in transfers annually
• Covers 11,500+ financial institutions
• G-SIBs like JPMorgan, Bank of America, Citi already participating
• Banks from 16 countries provided feedback
This is no small move—SWIFT is joining forces with the Ethereum ecosystem (ConsenSys is backed by an Ethereum
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