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Bitcoin Forum > Bitcoin > Bitcoin Discussion > Press > [2016-04-25] Evolve or Become Extinct: SWIFT looks at Blockchain
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smashbtc (OP)
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April 25, 2016, 03:45:00 PM
 #1
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?

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April 25, 2016, 03:52:08 PM
 #2
They have to do something, the fiat banking system has become to insecure to use.

Quote from: http://www.reuters.com/article/us-usa-nyfed-bangladesh-malware-exclusiv-idUSKCN0XM0DR
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.
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