Swift

Augustus raised $180 million in a Series B funding round at a $1 billion valuation to build the 'Global Dollar Bank'. The company supports stablecoins alongside traditional payment systems like Swift, ACH, and SEPA.

Stripe and Swift are competing to shape the future of global payments infrastructure. The focus is on controlling the next generation of systems that facilitate international financial transactions.

JPMorgan analysts argue that private blockchains, not MicroStrategy's Bitcoin sales, pose the greater threat to Bitcoin. They warn that institutional adoption of permissioned blockchains with regulatory compliance could shift tokenization, payments, and settlements away from public networks like Bitcoin and Ethereum, reducing liquidity and capital flows. The report highlights risks from tokenized deposits, central bank digital currencies, and real-world asset tokenization migrating to private infrastructure.

Swift has launched a pilot enabling 17 global banks to conduct tokenized deposit transfers on weekends, though final settlement still depends on legacy financial systems.

Swift launched a blockchain-based ledger to enable 17 banks to pilot 24/7 cross-border payments using tokenized deposits. The initiative aims to enhance cross-border transaction efficiency through tokenization technology.

The yuan’s growing influence is reducing Washington’s ability to enforce sanctions on geopolitical rivals like Iran and Russia, which are using yuan, cryptocurrency, and a Chinese alternative to the Swift banking network. The yuan’s share in global trade finance has tripled in five years to 6%.

NASA partnered with Katalyst Space Technologies to build and launch a satellite to rescue the Swift astronomy mission from crashing to Earth. The $30 million contract requires Katalyst to develop a servicing spacecraft to boost Swift's orbit within a year.

Iran is developing a shipping system that uses Bitcoin to pay insurance premiums, allowing vessels to bypass SWIFT and Western sanctions. This system aims to create a SWIFT-free network. The move could help Iran evade international restrictions.

The author earned a large amount of USDT in a country where crypto is illegal and wants to convert it into cash and deposit it into their bank account. They are seeking advice on how to do this legally, possibly by going to another country or using a specific exchange. The author has complete transaction history and went through full KYC on Binance.

The article discusses the potential of stable cards in increasing crypto adoption by providing a seamless payment experience. Stable cards could make crypto disappear into the background, becoming better payment infrastructure. This could lead to widespread adoption as people prioritize fast, cheap, global, and reliable transactions.

The article discusses training a large language model in Swift and improving matrix multiplication performance from Gflop/s to Tflop/s. The post is part of a series on the Cocoawithlove blog. It has garnered 6 points on the news aggregator site.

Anthony Pompliano stated that BlackRock is now a bitcoin company, and Tom Zschach, former chief innovation officer at SWIFT, said everything will be tokenized. This marks a significant shift in the narrative of major financial institutions. The statements were made at the Consensus Mainstage in Miami.

Remittance firms are using crypto to bypass traditional settlement infrastructure, but SWIFT is not disappearing. Stablecoins and SWIFT may have to coexist. This coexistence is due to the use of crypto in remittance firms.

Acer is offering promo codes with discounts of up to 40% off accessory bundles and verified student and military discounts on laptops and monitors. The discounts are available on Predator, Nitro, and Swift laptops and monitors at Acer.com. Customers can save on various products with these promotions.

WhatCable is a macOS menu bar app that inspects USB-C cables to display their capabilities, such as charging wattage, data speed, and Thunderbolt support. Built with Swift/SwiftUI, it is open-source, free, and privacy-focused.

Western Union's CEO has indicated the company is considering launching a stablecoin to facilitate global transactions without relying on SWIFT, aiming to streamline cross-border payments.

Western Union will launch a Solana-based stablecoin called USDPT next month, designed to replace SWIFT for agent settlements. The company also plans to introduce a 'Stable Card' to complement the new stablecoin.

XRP has completed an integration with SWIFT for a leading U.S. rail company, enhancing cross-border payment solutions. This partnership aims to improve efficiency in international transactions for the rail sector.

The use of the US dollar in global trade has increased amid ongoing conflicts, according to SWIFT. This trend highlights the dollar's role as a stable currency during geopolitical instability.

Park rangers in Canada uncovered a 200-year-old shipwreck on Sable Island, identified as the Swift, which sank in 1812 along with the HMS Barbadoes and Emeline. The discovery, made after finding Royal Navy artifacts like a pulley wheel and copper sheathing, was announced by Parks Canada after two years of research.

The article discusses a comparison between Ripple's XRP and the combination of SWIFT and Chainlink in the context of global financial systems. AI models suggest XRP's mid-term target of $9 faces selling pressure near $2.60–$3, while Chainlink's 5-year target of $100–$150 is deemed more realistic. The analysis highlights competing systems for cross-border payments.

Apple is expanding support for Swift's integrated development environment to include more tools and features, enhancing developers' experiences.