Not the way it should be, but cool I guess
Isnt it more like USD is finally as stable as cryptocurrency?
Some people aren’t aware of order of incidence.
Lol yes
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Yeah, right after 2028
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LFG!!! SNP500 🚀 🌕 📈
Pamp it!
This is fine; I am fine with this
Crypto is the new “Brooklyn Bridge”. More snake oil anyone?
Someone is a luddite. Crypto is now used by banks and credit card companies for xfer.
Except no it’s absolutely not. They use systems such as ACH and the Federal Reserve Wire Network. For international transfers, they use systems like the SWIFT network.
Why add a crypto middleman to transactions like those?
Because 1) blockchain is far more secure than the older methods of xfer, 2) blockchain is faster than the current methods, and 3) blockchain is cheaper than the current methods.
I work with a few banks who are actively using this already and others who are developing the technology. Not sure where you get your information, but I can tell you first hand that banks and credit card company absolutely are using crypto right now.
Who is running the nodes?
angry goose noises
🪿 WHO IS RUNNING THE NODES?
You may work with banks that are experimenting with it, but it’s not going to replace things like SWIFT any time soon.
Banks are not typically replacing Swift, they are using Swift with a blockchain validator.
OK, I’ll bite… Do you have any links to specific banks detailing their use of blockchain to make transfers to other banks?
The “tokenization” you hear credit card companies using like Mastercard is cryptography. It isn’t cryptocurrency or blockchain. When people say “crypto” isn’t being used, they mean blockchain in this case.
Tokenization is when the number on your payment card is replaced with a ”stand-in” number that is saved in your phone or watch or the merchant’s site where you register your card. Tokenization protects your account by using that token instead of your real card number, which the merchant never sees or stores.
https://www.mastercard.com/news/perspectives/2024/what-is-tokenization/
So Mastercard is not doing blockchain, but plenty others are. https://www.finextra.com/newsarticle/44961/hsbc-and-ant-international-laud-results-of-blockchain-based-tokenized-deposit-transfers
Is this the right article? It said they just did a test.
Where did you get this made up fantasy from?
The news… also… banks that I work with. https://www.finextra.com/newsarticle/44961/hsbc-and-ant-international-laud-results-of-blockchain-based-tokenized-deposit-transfers
It’s even moving along with the ups and downs of the stock market lately. It’s almost as if the same rat bastards got control of both.
That was clear in 2020
