All articles tagged with #financial infrastructure
Swift is integrating a blockchain-based shared ledger into its infrastructure to enable instant, 24/7 cross-border transactions at scale, involving over 30 global financial institutions, to enhance digital finance and interoperability across digital ecosystems.
Hindenburg Research's report alleging that Cash App has been used for criminal transactions and identity fraud highlights the conflict of interest inherent in financial infrastructure that accepts responsibility for policing its customers in exchange for generating profit. While it may be unreasonable to expect any payments operator to block all criminal activity, blockchain's transparency offers an advantage in financial enforcement. Crypto offers a framework that removes selective censorship and the profit motive from financial infrastructure, putting responsibility for controlling what people do with their money back in the hands of law enforcement where it belongs.