Blockchains Were Meant to Replace SWIFT, But Now the Organization Is Building its Own

SWIFT's blockchain proposal might not make Ripple or Stellar redundant, but it could throw cold water on their plans for global adoption. | Credit: Pexels. Key Takeaways Payment-focused blockchains are often pitched as a better alternative to the SWIFT-based system. However, SWIFT itself is increasingly committed to blockchain solutions. SWIFT’s latest project will prototype an open ledger that supports whatever tokenized assets banks require. For years, blockchains like Stellar and Ripple’s XRP L ...