Swift, Big Banks Are Building a Blockchain Network That Could Transform Global Money Transfers—And Leave Outdated Systems Behind
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. The financial world’s circulatory system just got a major upgrade announcement. Swift, the Belgium-based network that powers trillions of dollars in daily cross-border transactions, announced on Sept. 29 it’s collaborating with over 30 major banks to build a blockchain-based infrastructure that could make international payments instantaneous and finally bridge traditional banking with the emerging world of ...