Will SWIFT be replaced by Blockchain?

SWIFT has become the backbone of the financial market from 1973. SWIFT has proven the scalability, security, resilience and created the history that is the trust in the network.


SWIFT has provided a network for financial institutions to send and receive information about financial transactions in a secure, standardized and reliable environment. The majority of banks use the Swift network to send money. Banks are trading over $5 trillion worth of payment transaction in a day, and most of that is handled by message exchanges through the SWIFT network...

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https://www.finextra.com/blogposting/12419/will-swift-be-replaced-by-blockchain

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