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The biggest crypto news of the year got swallowed up in the recent chaos.

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by COINS NEWS 118 Views

Chainlink x SWIFT confirmed:

https://www.swift.com/news-events/news/swift-explores-blockchain-interoperability-remove-friction-tokenised-asset-settlement

What does it actually mean?

It means that SWIFT, the global interbank messaging standard, that manages messaging between 22,000 banks (including the largest financial entities on the planet) are now openly testing the infrastructure that will connect the entirety of the legacy financial system to the world of blockchains.

What does that mean for crypto?

It means trillions of dollars will become accessible to blockchain and DeFi protocols that meet the appropriate standards of security and reliability. The opening of a two way bridge between the efficiency, transparency and guaranteed performance of Web3, and the trillions of dollars sitting in tradfi on the other side. Paving the way for an influx of liquidity into crypto that will show that everything up until now has just been a playpen, an experimental testnet.

This is literally the most bullish development in a long time. If you need confirmation that trillions of dollars of AUM are looking intently at blockchains, then just go through the names in this document:

https://pages.chain.link/hubfs/e/On-Chain-Finance-Report.pdf

Don't let the regulation FUD clownshow distract you from the fact that vast amounts of value, and a huge majority of the largest financial and consulting firms on the entire planet, are as bullish about blockchain as you are.

Also, ask your favourite crypto talking head why tf they aren't talking about this, when it's the biggest happening in crypto in a long, long time.

submitted by /u/Phallic
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