Listen, my friend, there is interesting news from the world of finance, and it can really change a lot. Do you remember the SWIFT system? This is the global payment network through which banks around the world spend more than 150 trillion dollars a year. So, starting in November 2025, they will begin testing digital assets in practice.
What's going on anyway?
SWIFT has been experimenting with how to connect traditional banks to blockchain technologies for a long time. This includes tokenized money, stablecoins, and even central bank digital currencies (CBDCs). But before that, it was only laboratory tests. And now it comes to real transactions between banks in the USA, Europe and Asia.
Starting in November, they will start using DLT wallets (these are such decentralized storages) for payments. The fees will be like in a "gas" type crypt for transactions. But with transparent tracking, price oracles, and new data formats. All this is part of SWIFT's big transition to a new global standard, ISO 20022, which makes financial data smarter and easier to process.
Why is this necessary?
Now digital assets exist as if "separate" from the banking system. It's like you have the Internet, but you don't have Wi-Fi — everything works, but it's difficult to connect them. SWIFT wants to build a single bridge across which banks can trade both fiat and digital currencies without changing the entire infrastructure.
And this, by the way, is very beneficial for crypto projects like $XRP and $HBAR. These coins are processed quickly and scale well, so it's perfect for global payments.
Who is already participating?
France, Hong Kong and several other countries have already joined the early experiments. SWIFT is part of the Agora project from the Bank for International Settlements (BIS), where they are trying to connect digital deposits and central currencies in one system.
And what's next?
If everything goes according to plan, SWIFT will officially switch to the new ISO 20022 standard from the end of November 2025, and its entire network of more than 11,500 banks will be able to process digital transactions in a familiar environment.
In short, SWIFT isn't just updating the system—it's rewriting the rules of the game. This can become a real bridge between the "old" money and the new digital economy.
So, a question for you, as a friend:
Would you entrust your international payments to a digital network if major banks and SWIFT were behind it?
