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Swift is adopting crypto rails without touching crypto "Swift moves money between 11,000 banks worldwide, and it does it at the speed of a slug. Anybody who has ever used the Swift network knows that it doesn't operate 24/7, 365 like crypto. They take days off and hours off,... show more
42,697 views • 2 months ago •via X (Twitter)
28 Comments
Ignoring the minor hyperbolic flair this is a good summary.
Powered by @chainlink $LINK 🟩🟩🟩
This is the direction the industry is moving toward. Faster, cheaper rails are only part of the equation. As institutions begin moving tokenized deposits and real world assets onchain, protecting treasury movements, allocations, and trading strategies becomes just as important. Speed without confidentiality still leaves institutions exposed. Thanks for hosting $ZAMA ‘s CEO @randhindi yesterday, Scott. The discussion around confidential finance added an important piece to where this is all heading.
its been a long road to get here Scott
WoW
<coughing in #Chainlink>
Swift doesn't move money. It is a messaging system for banks that takes seconds and operates 24/7. If you look in Europe you have instant payment schemes that takes less than 10 seconds, operates 24/7 and use Swift for the messaging.
Tokenized deposits with permission slips is still just Swift with better branding. The infra upgrade doesn't fix the toll booths.
Ripple will be a settlement partner using...$XRP for the cross-border exchange.
We all know they are using XRP without mentioning it
Just an updated messaging system. Doesn't solve the value transfer. XRPL solves this.
Swift is a messaging service. Just to remind you and everyone reading the hype...
No xrp will me needed
$QNT BABY
What does that mean for token holders?
And all powered by base:0x88fb150bdc53a65fe94dea0c9ba0a6daf8c6e196
Eu uso toda semana o sistema Swift e já faz mais de 8 meses que o pagamento é instantâneo e também nos fins de semana
Interesting framing—adopting the infrastructure without the volatility. The real test is whether this improves settlement speed or just adds a crypto veneer to legacy latency.
Bro, that's just the legacy system trying to stay relevant. They'll copy the tech but keep the gatekeeping. Real crypto doesn't need permission.
They’ve been trying to circumvent crypto to build this new way to move money for years and haven’t been successful. You think they suddenly figured it out 😂
My understanding is the money in this trial is being settled traditionally. The information is being routed by dlt, but settlement is being done via their old corresponding banking system methodolgy. Anothet waste of time....
They aren’t going to let go of their archaic, slow, error-ridden, high fee system.
Touches link.
On their own crypto rails. The crypto bros will see zero reward from this.
Pyth
swift's gotta step it up! crypto's here for speed and efficiency.
Cool, but that doesnt stop their censorship abilities.
Sounds like they're trying to keep up with the times.
![The Trump admin is GASLIGHTING us re: no CBDCs They know they can't do CBDCs because of the Constitution, so they're backdooring them with stablecoins Iain Davis explains— "the idea of a [CBDC] is that it will give these private institutions total control of a new digital international monetary and financial system" "CBDC is programmable money that slots into that system. That's why they want it" "That's not going to work in the US because... it's a constitutional right in the United States that the people, and only the people, oversee what they call the power, quote–unquote... to coin money" "So what are you going to do about it? You need some sort of work-round" "So stablecoins and things like deposit tokens or tokenized deposits are variations of programmable digital currency. But rather than being issued by a central bank, they're issued by a commercial bank" "stablecoins... slot into the system of programmability just as easily, if not more so than a central bank digital currency. So you can attach smart contracts to any kind of digital transaction using digital currency" "Programmable digital currency and stablecoins do exactly the same thing, serve the same purpose, as central bank digital currency" This clip of Iain Davis (InThisTogether), author of The Technocratic Dark State, is taken from a Flashlights podcast (Flashlights Podcast) episode posted to Rumble on May 17, 2026. ---------------Partial transcription of clip---------------- "It's a constitutional right in the United States that the people, and only the people, oversee what they call the power, quote–unquote, it says this in the Constitution, to coin money. So the power to coin money is overseen by the people. "Now the idea of a central bank digital currency is that it will give these private institutions total control of a new digital international monetary and financial system. That's CBDC is programmable money that slots into that system. That's why they want it. "That's not going to work in the US because even though Congress, you know, Congress is the, is the dog which is wagged by the tail in this of the Fed, the Fed, you know, the Fed tells Congress what to do, not the other way round. But theoretically it could be the other way round. And theoretically the people could assert their control over the Fed if they only knew about it, which, not many people do, but they could do it, right? It's in the US Constitution. "Now that's a problem if you're going to embark on a global transformation of the entire international monetary and financial system when your leading reserve currency is the US dollar. So that's, you know, that could all go wrong very badly. "So what are you going to do about it? You need some sort of work round. How are you, how are you going to do which for the, you know, I, for many years, well, since central bank digital currency has been something that I've been looking at, I couldn't figure out why the US wasn't more enthusiastic about central bank digital currency. "Because it's the type of thing that the US administrations are usually right up— You know, they're really gung ho about that kind of centralized control of everything. That's right up their alley. So why, why don't they like it? And then it was the work of John Titus who pointed out this problem that they've got in the US with the Constitution that made me look at that and think, right. And then I started investigating that further. And he's right about that. That is a problem. "But then they obviously need some sort of workaround. How are they going to have. Because the main point of central bank digital currency from the surveillance and control aspect is that we will all need digital identity in order to access our digital wallets, which will contain the currency and the currency and the wallets and our, digital identities will all be programmable so conditions can be set on everything that we do. "Every transaction we make will be subject to condition through some sort of smart contract probably, which will control it. Right. So you know, if you say the wrong thing or you know, you, you just write the wrong thing online, you could be punished by algorithm by controlling your access to money... "And so the key to that is central bank— the programmability of central bank digital currency. But obviously that's not going to, may not work. There's a good chance that won't work in the United States which has got the US dollar reserve is an important currency. "So what are you going to do? So stablecoins and things like deposit tokens or tokenized deposits are variations of programmable digital currency. But rather than being issued by a central bank, they're issued by a commercial bank. So or in the case of stablecoins, a non-bank, a non-bank institution like Tether. So it's not a bank. "But you can use stablecoins for exactly the same. They slot into the system of programmability just as easily, if not more so than a central bank digital currency. So you can attach smart contracts to any kind of digital transaction using digital currency. Programmable digital currency and stablecoins do exactly the same thing, serve the same purpose as central bank digital currency or the other version, the commercial bank version is deposit tokens. Any of those will do. "Now in the US they've gone down the stablecoin route so they can issue the stablecoins which will be backed by US Treasuries, just like the dollar or just like any kind of dollar instrument will be one to one convertible for the US dollar. So the stablecoins are effectively the US dollar in, in digital form. "But instead of calling it a central bank digital currency, they call it issued by, it wouldn't have to be issued by the Fed. They call it a stablecoin, which is issued by a company like Tether or you know, someone like that. So it's the same system but using a workaround. And that workaround came with the Genius Act which, which came from an executive order that Trump made when he first came to office. "Because the Americans, quite rightly when they were electing their president, were concerned about central bank digital currency. I mean anyone that understands what it is should be terrified of it. So they didn't want it, and Trump promised that they wouldn't have it. Probably. I don't know whether he knew, but certainly the gaggle of technocrats that were around him knew that they weren't going down that path. Anyway, no chance of the US introducing it because of these problems we've just outlined."](https://image.24vids.com/tw-2060155537791303822/amplify_video_thumb/2060149164164669440/img/gbwudVOTDKQpFTbG.jpg)
