The Society for Worldwide Interbank Financial Telecommunication (SWIFT) is set to revolutionize global payments through its new blockchain platform. SWIFT’s plans were announced by Consensys CEO Joe Lubin at TOKEN2049, where he revealed their collaboration with over 30 financial institutions to create a 24/7 real-time crypto payment system built on Ethereum’s Layer 2 solution, Linea. While the exact blockchain platform was previously unconfirmed, the news was met with positive reception from the banking sector. Lubin emphasized the significance of merging traditional finance (TradFi) with decentralized finance (DeFi), aligning these two financial streams for a more efficient and innovative future.