SWIFT vs. Crypto: Who Wins the Future of Global Payments?

SWIFT (Society for Worldwide Interbank Financial Telecommunication) is a messaging network used by banks to process international transactions securely.

To stay competitive, SWIFT has been testing blockchain interoperability, aiming to streamline cross-border settlements with faster and more transparent transactions.

While crypto aims to decentralize finance, SWIFT remains a key player in traditional banking.

With growing pressure from digital currencies and CBDCs, SWIFT is exploring ways to integrate decentralized finance (DeFi) solutions.