Swift’s Network Effect Endures

BrusselsSwift moves $1.5 quadrillion in yearly messages.

Its dominance also makes it the primary sanctions tool for the US and EU.

Swift doesn’t settle payments — it carries instructions between 11,500 institutions, a directory rivals can’t replicate.

HSBC and Standard Chartered just ran the first live transaction on Swift’s new blockchain ledger.

Sources: CoinDesk