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Originally published by Capital Businessbusiness
November 21, 2025
8h ago
Swift at crossroads: Survival in the age of stablecoins
By Chris Maurice, CEO and co-founder of Yellow Card NOV 21 - For years, industry headlines have circled around the same narrative: blockchain will kill Kenya breaking news | Kenya news today |..
✨ Key Highlights
As Swift, the global interbank communication system, faces increasing pressure from advancements like stablecoins and blockchain technology, it is exploring integrating these innovations to ensure its future relevance. The article, penned by CEO and co-founder of Yellow Card Chris Maurice, argues that Swift's traditional intermediary role is challenged by new systems designed for direct value transfer, necessitating a fundamental transformation for survival.
- Swift was founded in the 1970s and handles trillions in global payments, but its slow and costly model is increasingly inefficient compared to blockchain solutions.
- The organization has launched a blockchain ledger initiative for 24/7 cross-border payments with over 30 major banks, including JP Morgan, HSBC, and Deutsche Bank.
- Blockchain technology and stablecoins, particularly in emerging markets like Africa, where stablecoins comprise nearly half of all crypto activity, offer faster and cheaper alternatives for remittances and payments.
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