SWIFT 24/7 Blockchain Ledger wit Consensys and 30+ Banks
SWIFT, wey dey work with Consensys plus over 30 global banks including JPMorgan Chase, Bank of America and Citigroup, don show one conceptual prototype of real-time, 24/7 blockchain ledger wey go make cross-border payments easy. The platform fit support tokenized asset transfers, smart contract validation plus better way to connect existing fiat rails plus new digital finance systems. After the banks dem wey join talk say e good, SWIFT wan roll out the blockchain ledger for im network wey get 11,500 institutions for more than 220 countries, wey dey process $150 trillion transactions every year. This upgrade na part of SWIFT plan to modernize im payment system, join traditional finance with CBDCs and tokenized assets, plus make cross-border payments faster, cheaper and secure worldwide.
Bullish
Di SWIFT wey dey try join real-time, 24/7 blockchain ledger with Consensys plus over 30 big banks mean say distributed ledger technology don get strong institutional support. For short term, traders fit see higher demand for digital asset infrastructure tokens and market go dey more optimistic as interoperability and tokenization dey grow. For long term, this development fit push blockchain make e take spread more for traditional finance, boost liquidity for tokenized asset markets, and keep the crypto sector bullish steady.