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Global banks to use Swift for trialling live digital asset transactions from 2025

Global banks to use Swift for trialling live digital asset transactions from 2025

October 4, 2024 Posted by Director Currency & Money, Progress & Principles

Latest industry figures show that 134 countries are currently exploring CBDCs , and the tokenised asset market is projected to reach $16 trillion by 2030 . But the rapid growth of unconnected platforms and technologies has led to an increasingly fragmented landscape, creating a complex web of ‘digital islands’ that presents a significant barrier to global adoption. 

SOURCE: https://www.swift.com/news-events/press-releases/global-banks-use-swift-trialling-live-digital-asset-transactions-2025

screen shot of SWIFT press release 3 Oct 2024

RELATED MATERIAL : https://brownstone.org/articles/the-financial-coup-that-seized-america/

In the wake of the 2008 Financial Crisis, former chief economist of the IMF Simon Johnson warned that the same dysfunctional policies he saw in his basketcase banana republics had taken hold in the United States. Johnson warned that if America didn’t act fast, we would plunge into a “Quiet Coup” as the American financial system effectively captures the government, bailing itself out until we run out of money.

Tags: AICBDCfinancial coupIMFSWIFTTokens
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