Swift rolls out new blockchain ledger to bring 24/7 banking to 17 global giants

Swift has introduced a new blockchain ledger that aims to enable 24/7 banking transactions, with 17 major banks including HSBC, UBS, Wells Fargo, and Citi set to pilot this innovative platform. This move could revolutionize how cross-border payments are processed, offering faster and more secure transactions. The adoption of blockchain technology by these global financial institutions signals a significant shift towards more efficient and transparent financial operations, which could reshape the banking landscape globally.