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Comment by henrikschroder

There's absolutely zero evidence for the headline in the actual bulk of the article.

SWIFT launched a new service last year, that is now handling 25% of all cross-border transactions, to the tune of 100 billion USD per day.

Meanwhile, Bitcoin peaked last year at a total trading volume of 5 billion USD per day, and is now doing less than 1 billion per day. How much of that is cross-border is unknown, but even assuming 100%, it's still a tiny fraction of what SWIFT is handling.

Extrapolating from that that cryptocurrencies somehow drove SWIFT to launch their new service is a bit of a stretch to put it mildly.

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