SWIFT Is Trialing a New Payment System to Take on Fintechs and Blockchain Tech

The Society for Worldwide Interbank Financial Telecommunication (SWIFT) has announced its decision to launch a pilot Global Payment Initiative (GPI) service which aims to compete with the growing threat of competing blockchain and fintech solutions provided by institutions like Ripple, JP Morgan and Transferwise. Still in its initial stages, the ambitious pilot aims to “build …

Argentinian Bank Drops Out of SWIFT, Favors Bitcoin and Cryptocurrency

Join our community of 10 000 traders on Hacked.com for just $39 per month. According to Toshi Times, Jose Dakak, the principal shareholder of Argentinian bank Banco Masventas, has stated that the bank will drop out from the global financial network SWIFT and begin utilizing the Bitcoin blockchain network to settle international payments. Can Bitcoin …