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Plasma: Aiming to be the 'bridge' between two financial worlds
Recently, the hottest trend in the financial circle is no longer 'disruption,' but 'integration.' On one side, #SWIFT and major global banks are testing blockchain networks to pave the way for the settlement of tokenized assets; on the other side, #RWA (real-world assets) and stablecoins are widely regarded as the two key pillars connecting traditional finance and the crypto world.
At this historical crossroads, a core question arises: where do the old and new financial systems 'shake hands' most reliably?
Tether's @Plasma provides a concise and ambitious answer—it wants to be that 'dedicated bridge' designed for the circulation of large, compliant value, rather than a bustling public square.
At this historical crossroads, a core question arises: where do the old and new financial systems 'shake hands' most reliably?
Tether's @Plasma provides a concise and ambitious answer—it wants to be that 'dedicated bridge' designed for the circulation of large, compliant value, rather than a bustling public square.
$XRP 🚀 Attention, investors! XRP is quietly moving towards a historic change in the global financial system. While the market focuses on meme coins and short-term movements, something big is happening behind the scenes.
Why could XRP be on the verge of an epic move? 🤔
- *Institutional liquidity*: Large investors are entering the game, providing the stability and volume needed for sustained growth.
- *Regulatory clarity*: XRP is gaining ground in terms of regulation, which reduces risk and increases investor confidence.
- *Real-world adoption*: XRP is increasingly being used in global financial transactions, boosting its value and utility.
Don't miss what could be the most important move in XRP's history. Check my profile to learn more! 👀 💰$XRP #Swift #MarketCorrection #USGovShutdown
Why could XRP be on the verge of an epic move? 🤔
- *Institutional liquidity*: Large investors are entering the game, providing the stability and volume needed for sustained growth.
- *Regulatory clarity*: XRP is gaining ground in terms of regulation, which reduces risk and increases investor confidence.
- *Real-world adoption*: XRP is increasingly being used in global financial transactions, boosting its value and utility.
Don't miss what could be the most important move in XRP's history. Check my profile to learn more! 👀 💰$XRP #Swift #MarketCorrection #USGovShutdown
🏦$XRP
true change comes when $XRP leaves behind retail cycles and moves towards mass adoption and global financial infrastructure.
#Swift #USGovShutdown
💎 I FEEL BULLISH 💎
👉 tag 🏷️ that person who needs to know🔁✅ 👇
true change comes when $XRP leaves behind retail cycles and moves towards mass adoption and global financial infrastructure.
#Swift #USGovShutdown
💎 I FEEL BULLISH 💎
👉 tag 🏷️ that person who needs to know🔁✅ 👇
🌍 A global transformation in the world of payments!
SWIFT has announced its plan to launch a new global payment system by 2026, aiming to make cross-border transactions faster and more transparent. 🏦💨
✨ What does this mean for you and small to medium-sized businesses?
Greater speed in sending money anywhere in the world 🌐
Complete transparency in fees and transaction details 💡
A seamless experience that feels just like local transfers 🏠➡️🌏
🔗 A new technology but with stability
A blockchain-based ledger will be integrated to track transactions accurately
However, the traditional banking messaging system will remain in place
And SWIFT will not rely on digital currencies like XRP 🚫💰
💡 An important point:
Ripple’s blockchain-based solutions are still useful in cases where the SWIFT model faces challenges in managing pre-funding.
💬 This development opens a new door for the world of international payments and gives consumers and small businesses better tools to control their money.
👇 Share your thoughts: Do you think this step will change the future of global payments?
$XRP
#SWIFT #GlobalPayments #fintech #Blockchain #CrossBorderPayments
SWIFT has announced its plan to launch a new global payment system by 2026, aiming to make cross-border transactions faster and more transparent. 🏦💨
✨ What does this mean for you and small to medium-sized businesses?
Greater speed in sending money anywhere in the world 🌐
Complete transparency in fees and transaction details 💡
A seamless experience that feels just like local transfers 🏠➡️🌏
🔗 A new technology but with stability
A blockchain-based ledger will be integrated to track transactions accurately
However, the traditional banking messaging system will remain in place
And SWIFT will not rely on digital currencies like XRP 🚫💰
💡 An important point:
Ripple’s blockchain-based solutions are still useful in cases where the SWIFT model faces challenges in managing pre-funding.
💬 This development opens a new door for the world of international payments and gives consumers and small businesses better tools to control their money.
👇 Share your thoughts: Do you think this step will change the future of global payments?
$XRP
#SWIFT #GlobalPayments #fintech #Blockchain #CrossBorderPayments
2026: A New Era of Currency - SWIFT Innovation, Ripple Breakthrough! 🏃♂️
🔥 SWIFT vs RIPPLE 2026: THE GREAT GLOBAL PAYMENT WAR – WHO WILL BE THE KING? 👑
The battle for control over the world's cash flow is hotter than ever! While you guys are busy with candlestick charts, a "silent revolution" is taking place between the traditional giant SWIFT and the blockchain force Ripple ($XRP ).
🚀 SWIFT "Coming of Age" 2026: No Longer a Slowpoke?
SWIFT has just launched a new system to make cross-border transactions as "smooth" as domestic transfers.
The battle for control over the world's cash flow is hotter than ever! While you guys are busy with candlestick charts, a "silent revolution" is taking place between the traditional giant SWIFT and the blockchain force Ripple ($XRP ).
🚀 SWIFT "Coming of Age" 2026: No Longer a Slowpoke?
SWIFT has just launched a new system to make cross-border transactions as "smooth" as domestic transfers.
$LINEA fired and shows quite high growths for its standards. I have this token in my wallet since the moment when #Swift chose LINEA at the expense of $XRP for its pilot payment program (article: LINEA kosztem XRP). I bought it and.. aside from XRP, this token has recorded the highest losses so far 😅
However.. what is LINEA anyway? A few words about this token, associated with $ETH
LINEA is a Layer 2 zkEVM, developed by ConsenSys (the people behind MetaMask, among others).
Its main goal is to scale Ethereum without breaking EVM compatibility, meaning:
- the same smart contract code as on Ethereum,
- much lower fees,
- high throughput,
- security based on zero-knowledge proofs.
It is a complete zkEVM, not "EVM-like" – and that is a key difference.
LINEA is supposed to be:
- a production layer for DeFi, NFT, and Web3 applications,
- a natural technological backbone for the ConsenSys ecosystem,
- an alternative to Optimistic Rollups (Arbitrum, Optimism), but with a better security model.
In practice:
- no fraud proofs,
- fast finality,
- no need for long challenge periods.
How is LINEA performing in the market?
A few facts:
I. Strong adoption strengths
- fast onboarding of projects (DeFi, infra, gaming),
- full compatibility with Ethereum tools,
- support from one of the most influential companies in the ETH ecosystem.
II. Market limitations
- competition in L2 is brutal (zkSync, Scroll, Starknet),
- success does not depend on technology, but on:
a) real TVL,
b) active users,
c) use cases, not narratives.
LINEA is not a speculative project by definition, rather an infrastructure that must "earn through use".
If we are talking about the LINEA token (and not just the network), potential functions:
- transaction fees,
- staking / security,
- governance,
- incentives for builders and liquidity.
Risk: if the token is just an "investor markup," and not fuel for the ecosystem – the market will quickly evaluate it.
However.. what is LINEA anyway? A few words about this token, associated with $ETH
LINEA is a Layer 2 zkEVM, developed by ConsenSys (the people behind MetaMask, among others).
Its main goal is to scale Ethereum without breaking EVM compatibility, meaning:
- the same smart contract code as on Ethereum,
- much lower fees,
- high throughput,
- security based on zero-knowledge proofs.
It is a complete zkEVM, not "EVM-like" – and that is a key difference.
LINEA is supposed to be:
- a production layer for DeFi, NFT, and Web3 applications,
- a natural technological backbone for the ConsenSys ecosystem,
- an alternative to Optimistic Rollups (Arbitrum, Optimism), but with a better security model.
In practice:
- no fraud proofs,
- fast finality,
- no need for long challenge periods.
How is LINEA performing in the market?
A few facts:
I. Strong adoption strengths
- fast onboarding of projects (DeFi, infra, gaming),
- full compatibility with Ethereum tools,
- support from one of the most influential companies in the ETH ecosystem.
II. Market limitations
- competition in L2 is brutal (zkSync, Scroll, Starknet),
- success does not depend on technology, but on:
a) real TVL,
b) active users,
c) use cases, not narratives.
LINEA is not a speculative project by definition, rather an infrastructure that must "earn through use".
If we are talking about the LINEA token (and not just the network), potential functions:
- transaction fees,
- staking / security,
- governance,
- incentives for builders and liquidity.
Risk: if the token is just an "investor markup," and not fuel for the ecosystem – the market will quickly evaluate it.
Today’s Trade PNL
+0.14%
🚨 Is the U.S. Government Eyeing Ripple’s XRP? Here’s What You Need to Know! 🤯
Crypto fam, buckle up—this one’s a ride! 🎢
A wild rumor lit up the community recently: the U.S. government is planning to seize Ripple’s XRP stash. Yep, you heard that right. Some say Uncle Sam wants to use those tokens to launch a state-backed digital reserve. Sounds like a Netflix thriller, right? 🎬
But hold up… 👀
Bill Morgan, a lawyer closely linked to Ripple, stepped in fast and hard. When asked if the feds were coming for the XRP, his response was clear and cold:
> “No, it won’t.” 💥
Mic. Dropped. 🎤
🪙 Where Did This All Start?
It kicked off when Ripple unlocked 1 billion XRP from escrow—worth over $2.2 billion—across three massive transactions. The market raised eyebrows, and the conspiracy train left the station. 🚂
Some big names on X (formerly Twitter) even started connecting dots between XRP and the path Bitcoin ETFs took—calling it “impossible… until it wasn’t.” 🤷♂️
😮💨 Flashback: Ripple’s Alleged Offer to the Gov?
And guess what—this isn’t the first time we’ve heard whispers of Ripple playing footsie with the U.S. government. Back in March, there were rumors of Ripple allegedly offering 45% of its XRP supply in exchange for some legal peace with the SEC. No confirmation, of course, but enough to stir the pot.
---
💥 XRP + SWIFT = Game Changer?
Let’s talk about another headline-grabber: XRP integrating with SWIFT—the banking superhighway used by 11,000+ financial institutions worldwide. 🏦
Is it real? For now, it’s pure speculation—no official confirmation. But the buzz is growing. XRP’s partnerships with global banks for cross-border payments make this rumor hard to ignore.
And with Ripple recently:
Acquiring brokerage firm Hidden Road for $1.25B 💸
Launching their own stablecoin (RLUSD) 💱
Winning key battles in the SEC lawsuit ⚖️
… it's no wonder the crypto crowd is keeping one eye on the SWIFT connection. 👀
Some insiders, like John Squire, are even teasing a big announcement soon. Could XRP finally enter the elite circle of global payments? 💣
---
🚨 Final Thoughts: Speculation is 🔥, But Receipts Matter
Right now, it’s all rumors and what-ifs. No hard proof. No official deals. Just a lot of energy.
So here’s the takeaway:
✅ Stay curious
❌ Don’t fall for clickbait
⚠️ Always wait for verified news
In the world of crypto, anything is possible—but the truth always surfaces. 🌊
#XRP #Ripple #CryptoNews #SWIFT #DigitalDollar $XRP
A wild rumor lit up the community recently: the U.S. government is planning to seize Ripple’s XRP stash. Yep, you heard that right. Some say Uncle Sam wants to use those tokens to launch a state-backed digital reserve. Sounds like a Netflix thriller, right? 🎬
But hold up… 👀
Bill Morgan, a lawyer closely linked to Ripple, stepped in fast and hard. When asked if the feds were coming for the XRP, his response was clear and cold:
> “No, it won’t.” 💥
Mic. Dropped. 🎤
🪙 Where Did This All Start?
It kicked off when Ripple unlocked 1 billion XRP from escrow—worth over $2.2 billion—across three massive transactions. The market raised eyebrows, and the conspiracy train left the station. 🚂
Some big names on X (formerly Twitter) even started connecting dots between XRP and the path Bitcoin ETFs took—calling it “impossible… until it wasn’t.” 🤷♂️
😮💨 Flashback: Ripple’s Alleged Offer to the Gov?
And guess what—this isn’t the first time we’ve heard whispers of Ripple playing footsie with the U.S. government. Back in March, there were rumors of Ripple allegedly offering 45% of its XRP supply in exchange for some legal peace with the SEC. No confirmation, of course, but enough to stir the pot.
---
💥 XRP + SWIFT = Game Changer?
Let’s talk about another headline-grabber: XRP integrating with SWIFT—the banking superhighway used by 11,000+ financial institutions worldwide. 🏦
Is it real? For now, it’s pure speculation—no official confirmation. But the buzz is growing. XRP’s partnerships with global banks for cross-border payments make this rumor hard to ignore.
And with Ripple recently:
Acquiring brokerage firm Hidden Road for $1.25B 💸
Launching their own stablecoin (RLUSD) 💱
Winning key battles in the SEC lawsuit ⚖️
… it's no wonder the crypto crowd is keeping one eye on the SWIFT connection. 👀
Some insiders, like John Squire, are even teasing a big announcement soon. Could XRP finally enter the elite circle of global payments? 💣
---
🚨 Final Thoughts: Speculation is 🔥, But Receipts Matter
Right now, it’s all rumors and what-ifs. No hard proof. No official deals. Just a lot of energy.
So here’s the takeaway:
✅ Stay curious
❌ Don’t fall for clickbait
⚠️ Always wait for verified news
In the world of crypto, anything is possible—but the truth always surfaces. 🌊
#XRP #Ripple #CryptoNews #SWIFT #DigitalDollar $XRP
Banks in North America, Europe, and Asia will join SWIFT's new digital asset trials in 2025. These trials will test how different #digitalcurrencies and assets can work together.
The first focus will be on payments, currency exchange, and trade.
#banks #swift #cryptonews #TrendingTopic
The first focus will be on payments, currency exchange, and trade.
#banks #swift #cryptonews #TrendingTopic
UK Government Trials Blockchain-Based Digital Gilts—A Game Changer for Debt Markets
The UK government is taking a bold step into the future of finance with the launch of DIGIT (Digital Gilts)—a blockchain-powered bond system aimed at modernizing the country’s debt management. This initiative positions Britain at the forefront of financial innovation, aligning with the global shift toward real-world asset (RWA) tokenization.
🔹 What’s Happening?
✅ The UK Treasury plans to trial digital gilts using blockchain technology to enhance efficiency, liquidity, and accessibility in bond markets.
✅ Major financial firms like Revolut, Stripe, Zilch, and Wise have been invited to participate in the pilot.
✅ The policy paper released on March 18 details how DIGIT will operate independently from the UK’s existing debt issuance system.
🔹 Why Does It Matter?
📈 Market Modernization – Blockchain integration can streamline government bond issuance, reducing costs and increasing transparency.
💰 Broader Investment Access – Tokenized gilts could attract a new wave of institutional and retail investors.
🌍 Global Trend – The UK joins financial powerhouses like SWIFT and BlackRock in exploring
tokenized bonds, which could soon be a multi-trillion-dollar market.
🔹 The Bigger Picture
Gilts—Britain’s version of U.S. Treasury bonds—are low-risk investments offering steady returns and tax advantages. By digitizing these assets, the UK aims to future-proof its financial sector, reinforcing its position as a leader in fintech innovation.
With issuance expected within two years, could digital gilts redefine global debt markets? The UK is betting big on blockchain—and the world is watching.
$BTC
#AIXBT #BNBChainMeme #Swift #blockchain #UK
The UK government is taking a bold step into the future of finance with the launch of DIGIT (Digital Gilts)—a blockchain-powered bond system aimed at modernizing the country’s debt management. This initiative positions Britain at the forefront of financial innovation, aligning with the global shift toward real-world asset (RWA) tokenization.
🔹 What’s Happening?
✅ The UK Treasury plans to trial digital gilts using blockchain technology to enhance efficiency, liquidity, and accessibility in bond markets.
✅ Major financial firms like Revolut, Stripe, Zilch, and Wise have been invited to participate in the pilot.
✅ The policy paper released on March 18 details how DIGIT will operate independently from the UK’s existing debt issuance system.
🔹 Why Does It Matter?
📈 Market Modernization – Blockchain integration can streamline government bond issuance, reducing costs and increasing transparency.
💰 Broader Investment Access – Tokenized gilts could attract a new wave of institutional and retail investors.
🌍 Global Trend – The UK joins financial powerhouses like SWIFT and BlackRock in exploring
tokenized bonds, which could soon be a multi-trillion-dollar market.
🔹 The Bigger Picture
Gilts—Britain’s version of U.S. Treasury bonds—are low-risk investments offering steady returns and tax advantages. By digitizing these assets, the UK aims to future-proof its financial sector, reinforcing its position as a leader in fintech innovation.
With issuance expected within two years, could digital gilts redefine global debt markets? The UK is betting big on blockchain—and the world is watching.
$BTC
#AIXBT #BNBChainMeme #Swift #blockchain #UK
If $XRP were to replace #SWIFT as the global standard for cross-border payments, its price could experience extraordinary growth. With #SWIFT handling over $5 trillion in daily transactions, capturing even 5-10% of that volume could push XRP's market cap to $10 trillion, potentially driving its price to $100 or higher—and in an ideal case, up to $1,000 per token. $XRP 's speed, low fees, and scalability make it a strong contender, but it must overcome regulatory challenges, improve liquidity, and scale to match SWIFT's vast network. Traders should closely monitor developments in XRP's adoption, legal clarity, and Ripple's On-Demand Liquidity (ODL) services, as these factors could unlock massive profit opportunities in the long term.
#USPPITrends #ReboundOutlook #AIAgentFrenzy
#USPPITrends #ReboundOutlook #AIAgentFrenzy
SWIFT Executive Criticizes XRP: “Surviving Lawsuits Isn’t Resilience”
Tom Zschach, Chief Innovation Officer at SWIFT, has taken a direct swipe at $XRP and its token $XRP , asserting that simply enduring legal battles does not demonstrate true resilience.
In a recent LinkedIn post, Zschach emphasized that trust and shared governance remain the foundation of global financial stability. According to him, genuine strength in the financial sector comes from these principles—not just the ability to weather lawsuits.
“Every major transformation in finance has been built on trust, not just technology,” Zschach wrote. “Technology may spark change, but it’s trust that ensures long-term adoption.”
His remarks come amid ongoing debates about $XRP ’s role in the evolving financial ecosystem and whether its legal survival strengthens its credibility. Zschach’s comments underscore the importance of reliability, compliance, and trust as the key factors shaping the future of cross-border payments.
#Xrp🔥🔥 #SWIFT #Blockchain #Finance
Tom Zschach, Chief Innovation Officer at SWIFT, has taken a direct swipe at $XRP and its token $XRP , asserting that simply enduring legal battles does not demonstrate true resilience.
In a recent LinkedIn post, Zschach emphasized that trust and shared governance remain the foundation of global financial stability. According to him, genuine strength in the financial sector comes from these principles—not just the ability to weather lawsuits.
“Every major transformation in finance has been built on trust, not just technology,” Zschach wrote. “Technology may spark change, but it’s trust that ensures long-term adoption.”
His remarks come amid ongoing debates about $XRP ’s role in the evolving financial ecosystem and whether its legal survival strengthens its credibility. Zschach’s comments underscore the importance of reliability, compliance, and trust as the key factors shaping the future of cross-border payments.
#Xrp🔥🔥 #SWIFT #Blockchain #Finance
A FINANCIAL EARTHQUAKE!
#Swift adopts Blockchain technology for payments 24/7 and triggers massive Institutional adoption.
SWIFT, the global network serving more than 11,500 financial institutions, has announced a historic measure: the incorporation of a blockchain-based shared ledger into its core infrastructure. This step aims to revolutionize cross-border payments by making them real-time and 24/7, a milestone for traditional finance.
Immediate and Global Payments: The initial focus of the initiative will be to drastically improve international payments. The new ledger, designed in collaboration with Consensys, will utilize smart contracts to secure, record, and validate tokenized and regulated value transactions.
Interoperability and Compliance: The key to the project is its ability to operate with existing and emerging financial systems while maintaining SWIFT's strict compliance standards. This allows for innovation without sacrificing security and regulation.
Backing from Banking Giants: More than 30 top-tier financial institutions, including Santander, Bank of America, BNP Paribas, and HSBC, are actively collaborating on the implementation, underscoring the seriousness of this technological advance.
Integration with Ethereum: Although not specified, recent reports suggest that SWIFT is actively experimenting with migrating its system to Layer 2 #Line of #Ethereum, connecting the traditional banking network directly with the Ethereum ecosystem.
$ETH $LINEA
#Swift adopts Blockchain technology for payments 24/7 and triggers massive Institutional adoption.
SWIFT, the global network serving more than 11,500 financial institutions, has announced a historic measure: the incorporation of a blockchain-based shared ledger into its core infrastructure. This step aims to revolutionize cross-border payments by making them real-time and 24/7, a milestone for traditional finance.
Immediate and Global Payments: The initial focus of the initiative will be to drastically improve international payments. The new ledger, designed in collaboration with Consensys, will utilize smart contracts to secure, record, and validate tokenized and regulated value transactions.
Interoperability and Compliance: The key to the project is its ability to operate with existing and emerging financial systems while maintaining SWIFT's strict compliance standards. This allows for innovation without sacrificing security and regulation.
Backing from Banking Giants: More than 30 top-tier financial institutions, including Santander, Bank of America, BNP Paribas, and HSBC, are actively collaborating on the implementation, underscoring the seriousness of this technological advance.
Integration with Ethereum: Although not specified, recent reports suggest that SWIFT is actively experimenting with migrating its system to Layer 2 #Line of #Ethereum, connecting the traditional banking network directly with the Ethereum ecosystem.
$ETH $LINEA
$XRP IS HEATING UP 🌊🚀
Ripple just won another legal battle, #SWIFT is shaking, and cross-border payments are about to get a massive upgrade!
Price consolidating perfectly — this is your last quiet moment before the rocket takes off! Load your bags now or regret later 💵💵
#XRP #Ripple #ToTheMoon
Ripple just won another legal battle, #SWIFT is shaking, and cross-border payments are about to get a massive upgrade!
Price consolidating perfectly — this is your last quiet moment before the rocket takes off! Load your bags now or regret later 💵💵
#XRP #Ripple #ToTheMoon
🔥🔥🔥
$XRP has already integrated into the next generation financial architecture,
cooperating with the following major global entities:
🔸 International Monetary Fund
🔸 World Bank
🔸 BIS
🔸 #Swift
🔸 ISO 20022
has played a key role in this evolution.
These institutions have not ignored #XRP, but have deliberately built systems consistent with the (t6) basic framework.
Although people always focus only on price trends and speculation, real widespread adoption is quietly advancing, mainly due to institutional cooperation and deep integration with core financial infrastructure.
#xrp #crypto #XRPArmy #XRPCommunity
$XRP has already integrated into the next generation financial architecture,
cooperating with the following major global entities:
🔸 International Monetary Fund
🔸 World Bank
🔸 BIS
🔸 #Swift
🔸 ISO 20022
has played a key role in this evolution.
These institutions have not ignored #XRP, but have deliberately built systems consistent with the (t6) basic framework.
Although people always focus only on price trends and speculation, real widespread adoption is quietly advancing, mainly due to institutional cooperation and deep integration with core financial infrastructure.
#xrp #crypto #XRPArmy #XRPCommunity
B
XRP/USDT
Price
2.1698
We'll miss you $XRP bros 😢
SWIFT DROPS XRP — PICKS #Ethereum L2 $LINEA FOR ITS 2025 GLOBAL PAYMENTS PILOT 🌍
In a stunning twist that just shook the crypto world, #SWIFT has officially selected Consensys’ Ethereum Layer-2 #Linea — NOT XRP — for its massive 2025 cross-border payments pilot.
More than 30+ global banking giants — including JPMorgan, HSBC, BNP Paribas, Standard Chartered, and Citi — are joining the pilot, marking the largest institutional adoption of an Ethereum L2 in history.
This is the biggest blow yet to XRP’s cross-border narrative and a massive credibility boost for Ethereum’s scaling ecosystem.
SWIFT DROPS XRP — PICKS #Ethereum L2 $LINEA FOR ITS 2025 GLOBAL PAYMENTS PILOT 🌍
In a stunning twist that just shook the crypto world, #SWIFT has officially selected Consensys’ Ethereum Layer-2 #Linea — NOT XRP — for its massive 2025 cross-border payments pilot.
More than 30+ global banking giants — including JPMorgan, HSBC, BNP Paribas, Standard Chartered, and Citi — are joining the pilot, marking the largest institutional adoption of an Ethereum L2 in history.
This is the biggest blow yet to XRP’s cross-border narrative and a massive credibility boost for Ethereum’s scaling ecosystem.
SWIFT bank transfers (fiat) to/from Binance?
A crypto token named “SWIFT” or “SwiftDrop”?
A drop/decline (in price) of something called “Swift” on Binance?
If you meant SWIFT bank transfers, here’s what’s going on:
What “SWIFT” Means on Binance (in This Context)
SWIFT is a global messaging network that banks use to send payment instructions internationally.
Binance used SWIFT for USD deposits/withdrawals via a banking partner.
However, as of Feb 1, 2023, one of Binance’s banking partners (Signature Bank) stopped supporting SWIFT transfers under $100,000 for crypto exchange clients.
Binance said it was looking for a new USD SWIFT partner.
According to Blockworks, the change affects only a very small fraction of its users (less than ~0.1% of monthly users) via that bank.
Implications & Risks
If you were using SWIFT to deposit USD on Binance via that banking partner, you might no longer be able to do it for amounts under $100k.
This doesn’t necessarily affect other fiat deposit/withdrawal methods (e.g., credit/debit cards), or SWIFT for non-USD currencies (like EUR).
Some users on Reddit have reported delays with SWIFT transfers, and there are complaints about slow processing.
For users in some countries, the SWIFT USD channel may not be supported at all.
If instead you were talking about a crypto token called “SWIFT” (or “SwiftDrop”), I couldn’t find reliable info on such a token listed on Binance — I found SwiftCash (SWIFT), but it's not clear that it’s actively tradable on all Binance platforms.
$XRP
#Swift
A crypto token named “SWIFT” or “SwiftDrop”?
A drop/decline (in price) of something called “Swift” on Binance?
If you meant SWIFT bank transfers, here’s what’s going on:
What “SWIFT” Means on Binance (in This Context)
SWIFT is a global messaging network that banks use to send payment instructions internationally.
Binance used SWIFT for USD deposits/withdrawals via a banking partner.
However, as of Feb 1, 2023, one of Binance’s banking partners (Signature Bank) stopped supporting SWIFT transfers under $100,000 for crypto exchange clients.
Binance said it was looking for a new USD SWIFT partner.
According to Blockworks, the change affects only a very small fraction of its users (less than ~0.1% of monthly users) via that bank.
Implications & Risks
If you were using SWIFT to deposit USD on Binance via that banking partner, you might no longer be able to do it for amounts under $100k.
This doesn’t necessarily affect other fiat deposit/withdrawal methods (e.g., credit/debit cards), or SWIFT for non-USD currencies (like EUR).
Some users on Reddit have reported delays with SWIFT transfers, and there are complaints about slow processing.
For users in some countries, the SWIFT USD channel may not be supported at all.
If instead you were talking about a crypto token called “SWIFT” (or “SwiftDrop”), I couldn’t find reliable info on such a token listed on Binance — I found SwiftCash (SWIFT), but it's not clear that it’s actively tradable on all Binance platforms.
$XRP
#Swift
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