Wells Fargo’s Stablecoin ‘Faster, Cheaper’ Than SWIFT, Says Exec
Wells Fargo’s innovation lead says the bank’s new digital cash for internal transfers is faster and more efficient than SWIFT.
SWIFT
Russia would likely welcome replacements for SWIFT as the nation's banks have been threatened with being removed from the network.
Enterprise blockchain doesn't need to reinvent the wheel: Communications standards in use for decades are built for machine-to-machine commerce.
It's unclear what the new group's mission will be, though People's Bank of China employees working on its digital currency efforts will be involved.
Clean bitcoin, dirty bitcoin. Could FATF regulations lead to a bifurcation of the crypto space, one where certain digital assets trade at lower prices?
From ATMs to cargo containers, standards make global commerce work. The same goes for crypto, which needs standards to comply with anti-money laundering rules.
SWIFT
