FEATURE: BLOCKCHAIN across emerging markets. For millions of people and businesses navigating dollar shortages and high transfer costs, this is not a distant vision of the future but a present-day solution.
These partnerships highlight a broader truth. Traditional institutions are not just observing the shift to blockchain rails, they are participating in it because they know this is where the financial system is heading.
The intermediary dilemma
But here’ s the harder truth: even if Swift successfully adopts blockchain, it still faces a structural problem. Blockchain exists to remove intermediaries. Swift’ s business model depends on being one.
For decades, Swift has acted as the tollbooth of global finance. It doesn’ t move money; it moves messages,
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