Major banks to join SWIFT digital asset trials in 2025, embracing the rise of cryptocurrencies.

From Coin Telegraph, October 5, 2024 6:21:06 pm:

HBO’s new documentary “Money Electric: The Bitcoin Mystery” explores the rise of Bitcoin and its impact on the financial world. The film delves into the intricacies of blockchain technology and the potential future of digital currencies.

Major banks are set to join SWIFT’s digital asset trials in 2025, signaling a shift towards mainstream adoption of cryptocurrencies. SWIFT, a global messaging network used by banks for transactions, is exploring ways to incorporate digital assets into its system.

The documentary sheds light on the growing popularity of decentralized finance (DeFi) platforms, which offer new opportunities for financial services outside traditional banking systems. DeFi allows users to participate in lending, trading, and other financial activities without the need for intermediaries.

With the rise of Bitcoin and other cryptocurrencies, traditional financial institutions are facing pressure to innovate and adapt to the changing landscape of digital assets. The HBO documentary underscores the importance of understanding and embracing the evolution of money in the digital age.

Read more at Cointelegraph: Will Satoshi be doxxed? Banks to join SWIFT digital asset trials and more: Hodler’s Digest, Sept. 29 – Oct. 4