The "Crypto Moment" We've Waited 15 Years For - Must Read.
In 2018, a nurse I worked with in California, told me that one day banks would use the blockchain to move money around using a thing called "Bitcoin". I listened, but obviously didn't take him serious, it really did sound like a joke. I mean after all, why would banks buy this "air money" you can use your home computer to get more of....right? Well.... a little over 15 years ago, Bitcoin was created to help do this very thing... and it's finally happening, not with Bitcoin, but on Ethereum and THIS IS THE MOST IMPORTANT LESSON: Adoption curves are a funny thing. When we started investing and learning about crypto, we understood the fundamentals, the general use case, the momentum behind the movement and the problem it was trying to solve. We understood the general direction of where it was going, but to see it play out in real life is a really wild feeling. This is why staying informed and keeping an open mind is so important during this biggest technological shift our lifetime. But more on this later... HERES THE NEWS! 👇 SWIFT just started building on Ethereum. For those of you who might not know what SWIFT is - SWIFT is the messaging backbone behind every major international bank transfer. 11,000+ institutions. Roughly $7.5 trillion in daily instructions. It basically manages money movement around the world. You can think of it like the financial roadway of all countries using USD. And now it's FINALLY testing on Ethereum's blockchain! The project includes 30 firms: Bank of America, Citi, Deutsche Bank, JP Morgan, Wells Fargo, and others, all building a prototype for real-time, 24/7 cross-border payments using a ledger built by Consensys, the Ethereum software company. Yahoo Finance A separate pilot tested stablecoin-style settlement on Linea, an Ethereum Layer 2 network, with BNP Paribas and BNY Mellon in the mix. Yahoo Finance