3 min read• August 23rd
SWIFT Selects HBAR for Cross-Border Payment Pilot
Global payments giant SWIFT has begun testing Hedera's HBAR token for cross-border transactions, potentially integrating blockchain tech into its $150 trillion annual payment network.
Curated by Polaris Pioneer
Key takeaways
🌐 Major Partnership: SWIFT begins live blockchain trials featuring Hedera, testing HBAR for cross-border payments within its massive $150 trillion network.
💼 Enterprise Validation: The trials demonstrate institutional confidence in Hedera's hashgraph technology for high-volume, secure financial transactions.
⚡ Technical Advantage: HBAR's 10,000+ TPS throughput and energy efficiency make it attractive for enterprise-grade payment infrastructure.
🏛️ Regulatory Alignment: Testing focuses on ISO 20022 standards compatibility, positioning HBAR for traditional banking integration.
Deep dive
SWIFT's decision to test Hedera alongside XRP represents a significant validation of HBAR's enterprise potential.
The trials aim to determine whether Hedera's hashgraph consensus can be integrated with existing banking infrastructure under ISO 20022 standards.
If successful, even a small portion of SWIFT's transaction flow could generate substantial demand for HBAR tokens.
The collaboration highlights Hedera's unique position as an enterprise-focused blockchain alternative, with its governing council of major corporations providing the stability and compliance frameworks that traditional financial institutions require.
While market reactions were initially muted, the long-term implications for institutional adoption could be transformative.
Disclaimer: This article may contain content generated or assisted by AI, based on information from public sources. While we aim for accuracy, no content should be taken as financial or trading advice. Always do your own research and consult a professional before making investment decisions. Markets are volatile and involve risk.
