$HBAR When HBAR (Hedera Hashgraph) is selected by SWIFT (Society for Worldwide Interbank Financial Telecommunication) for transactions, this will carry significant meaning in the field of finance and global payments. Specifically:
Certification of feasibility and reliability: SWIFT is a global payment system that connects thousands of financial institutions around the world. The selection of HBAR could demonstrate that Hedera Hashgraph has achieved the necessary reliability, compatibility, and security to serve large-scale financial transactions.
The potential to replace traditional payment systems: SWIFT is the primary payment platform used in cross-border transactions. If HBAR becomes the choice for SWIFT, this could mark the transition from old payment systems to distributed ledger technology (DLT), providing faster transaction speeds and lower costs.
Expanding the acceptance and application of blockchain: If HBAR is integrated into the SWIFT system, this could be a major step forward in the acceptance of blockchain/Hashgraph technology in global financial systems. This could promote the widespread adoption of blockchain solutions in banking and financial institutions.
Enhancing liquidity and trading capability: SWIFT is currently one of the largest global payment systems. The selection of HBAR could increase the liquidity of this currency and open up opportunities for cross-border transactions, improving ease and efficiency in money transfers.
Innovation in the financial industry: Collaborating with SWIFT will promote the development of new financial technologies, especially in combining traditional solutions with new technologies, such as blockchain, making financial systems more modern and flexible.
In summary, if HBAR is chosen by SWIFT for transactions, it will be a significant milestone, helping Hedera Hashgraph become a key technology in the field of global payments and finance.
