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Title: [2016-04-25] Evolve or Become Extinct: SWIFT looks at Blockchain Post by: smashbtc on April 25, 2016, 03:45:00 PM The blockchain is transforming the way businesses are conducted across the world. What will be its effect on SWIFT, a legacy network for communication between banks that has lasted for 43 years?
Read More (http://cointelegraph.com/news/evolve-or-become-extinct-swift-looks-at-blockchain?ref=5823) Title: Re: [2016-04-25] Evolve or Become Extinct: SWIFT looks at Blockchain Post by: RodeoX on April 25, 2016, 03:52:08 PM They have to do something, the fiat banking system has become to insecure to use.
Bangladesh Bank hackers compromised SWIFT software, warning issued... $81 million was routed to accounts in the Philippines and diverted to casinos there. Most of those funds remain missing. |