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SWIFT Tests A Blockchain Ledger With 30+ Banks -- What It Means For XRP
Yahoo Finance· 2025-10-01 11:51
Core Insights - SWIFT is developing a blockchain-based shared ledger to enhance its existing global money transfer network, aiming for improved transparency and interoperability in cross-border payments [1][6][3] - The initiative involves collaboration with over 30 financial institutions, including major banks like Bank of America, Citi, and JPMorgan Chase, indicating a shift in the stance of these banks towards blockchain technology [3][5][8] - The integration of blockchain technology is seen as a response to the limitations of traditional payment systems, which are often slow and costly [5][6] Group 1: SWIFT's Blockchain Initiative - SWIFT's new blockchain-powered payment system is not entirely new but adds a digital ledger to its existing framework, enhancing transaction efficiency [3][6] - The project is in early stages, with a conceptual prototype developed by Ethereum's ConsenSys, suggesting a focus on secure and low-cost transactions [2][6] - The move is part of a broader trend where SWIFT is exploring various blockchain solutions to modernize its payment systems [11][13] Group 2: Market Implications for XRP - The announcement of SWIFT's blockchain initiative had a limited immediate impact on XRP's market performance, with a slight price increase of 0.2% [7] - Despite the current limited impact, there is speculation that SWIFT may explore an XRP-based payment system in the future, indicating potential long-term competition for institutional transfer links [8][10] - The evolving landscape suggests that SWIFT may adopt multiple transaction systems, including those based on XRP and Ethereum, to optimize payment processes [9][12]
X @BNB Chain
BNB Chain· 2025-10-01 10:28
Cost Efficiency - BNB Smart Chain (BSC) validators have adopted a new minimum gas price of 0.05 Gwei, equating to approximately $0.005 per transaction [1] - This gas price aims to position BSC as one of the most cost-efficient blockchains in the crypto space [1] Network Optimization - BNB Chain is proposing to halve fees and accelerate block speeds to maintain competitiveness [2] - The goal is to provide faster and cheaper trading for users [2] - The network changes are intended to foster innovation among builders [2] - These adjustments aim to strengthen BNB Chain's position as a leading blockchain ecosystem [2] Call to Action - Wallets, CEXs, and trading platforms are encouraged to adopt the 0.05 Gwei gas price to align with the network [1] - This alignment is intended to keep BNB Chain attractive for on-chain activity [1]
X @Chainlink
Chainlink· 2025-10-01 08:04
DataLink Overview - DataLink is a turnkey service powered by Chainlink, enabling institutions to publish data to blockchains [1] - It accelerates institutional adoption of digital assets and enables organizations to rapidly scale onchain [1] - DataLink empowers over 2,400 protocols and institutions in the Chainlink ecosystem [2] Chainlink Ecosystem - Chainlink is the industry-standard oracle platform bringing the capital markets onchain [2] - Chainlink secures over $100 billion in production and has enabled tens of trillions in transaction value [3] - DataLink is launching on over 40 blockchain mainnets [3] Data Types Supported - DataLink supports credit ratings, equities, FX rates, bonds, and commodities [4] - It also supports reference data, perpetual funding rates, corporate actions data, and derivatives [4] Use Cases - DataLink brings foundational institutional use cases to the blockchain economy [3] - It enables onchain applications to launch new assets and markets faster [3]
X @Chainlink
Chainlink· 2025-10-01 08:04
We’re excited to announce that Deutsche Börse Market Data + Services has formed a strategic partnership with Chainlink to publish its market data onchain for the first time.https://t.co/Sm8hybFIkrReal-time data from the largest exchanges in Europe, Deutsche Börse Group’s Eurex, Xetra, 360T, and Tradegate—trading venues covering equities, derivatives, forex instruments, and more—are being made available across blockchains via DataLink, a new institutional-grade data publishing service powered by Chainlink.De ...
X @Easy
Easy· 2025-10-01 07:34
ADI Chain will be the disruptor.At Token2049, they just announced their blockchains build.The first one EVER using ZkSync’s Airbender.Enabling the ADI Blockchain to…- be 6x faster than any other roll up- No GPU requirements- global compliance at the institutional level with their first release in Abu Dhabi- $0.0001 transaction fees, lower than all other EVM competitorsADI’s main net release is going to be a complete game changer, not just for country and government blockchains, but for all L2 ecosystems.Eas ...
X @Poloniex Exchange
Poloniex Exchange· 2025-10-01 03:00
Daily News 🗞 | Oct 1• Bloomberg analyst forecasts 100% chance of SOL ETF approval• Sui Foundation launches multi-year security expansion program• USDC issuer partners with Deutsche Börse for Europe stablecoin adoption• Visa Direct tests stablecoins as cash equivalent for instant transfers• Swift to develop blockchain ledger for instant cross-border payments#CryptoNews #PoloniexNEWS ...