SWIFT Is Adopting Blockchain Technology to Speed Up Transfers

By Nick Rokke

It’s the single most important financial institution in the world. And the biggest threat to your financial freedom.

And you’ve probably never heard of it.

Over $400 billion flows through it every day. By comparison, that’s more than the annual gross domestic product (GDP) of Iran, Denmark, and South Africa.

It connects over 11,000 banks and financial institutions in over 200 countries… including global central banks like the U.S. Federal Reserve.

The institution I’m talking about is the Society for Worldwide Interbank Financial Telecommunication (SWIFT). It’s the backbone of the global financial system.

This organization impacts everyone. If you’ve ever sent a wire, it was routed through the SWIFT network. And even if you haven’t directly done this, your bank uses the system to handle your payments on the backend.

Here’s why I’m telling you about SWIFT…