SWIFT and top global banks working on blockchain-based overhaul

**SWIFT Partners with 30+ Global Banks to Revolutionize Cross-Border Payments Using Blockchain Technology**

SWIFT, the world's leading financial messaging network, has announced a groundbreaking collaboration with over 30 major global banks to transform cross-border payments through blockchain integration. This ambitious initiative aims to make international transactions instantaneous while supporting emerging digital currencies including Bitcoin, stablecoins, and central bank digital currencies (CBDCs).

The partnership represents a significant shift toward mainstream cryptocurrency adoption within traditional banking infrastructure. By leveraging blockchain technology, SWIFT plans to modernize its decades-old messaging system to compete with faster, more cost-effective DeFi solutions and cryptocurrency payment networks.

This development could dramatically impact the cryptocurrency market by bridging traditional finance with digital assets. The initiative addresses longstanding issues with cross-border payments, including high fees, lengthy settlement times, and limited interoperability between different digital money formats.

The collaboration signals growing institutional acceptance of blockchain technology and could accelerate widespread cryptocurrency integration across global financial systems. This move positions SWIFT to remain competitive against emerging fintech solutions while potentially boosting adoption of digital currencies worldwide.