/biz/ - Business & Finance

^^

Chainlink's Partnership with SWIFT is a big deal. SWIFT and banks have long relationships since the beginning of time and whoever tries to eat their lunch will get crushed.

For example, take a look at Zelle (a new way to send money on your phone to almost anyone. In minutes. Zelle moves money the way you want it to move—fast, safe and easy. Together with the nation’s leading banks and credit union). Zelle is built by partnerships of all the major banks together combined to release this payment app because they don't want to continue to dominate this space.

Zelle is a direct competitor to Venmo, and Banks don't like it when companies want to change they way they do business when they have a monopoly. That is why SWIFT and Chainlink will continue to dominate.

Chainlink & SWIFT have completed Phrase 1:
http://www.the-blockchain.com/2017/08/22/smartcontract-com-used-swift-announces-technical-leaders-advisors-launches-chainlink-connect-smart-contracts-off-chain-data-payments/

Smartcontract / Chainlink will demo either Phrase 2 or 3:
https://www.swift.com/our-solutions/global-financial-messaging/payments-cash-management/swift-gpi

This technology is revolutionary, if you ever did a wire transfer, it can take up to 3-5 business days and cost $30 with the wire going through multiple long delay loops.

Chainlink provides the bridge to instant real-time payment at a lower cost:

"According to Swift, the GPI is being designed to reduce transaction completion times from as long as five days to a single day or less. Potential areas of improvement include an even more transparent fee structure and, in some cases, near-instantaneous settlement times. More than 80 global banks are set to use the new platform when it goes live next year."

If you doubt your investment, then invest in something.

As Sergey mentioned, there are more partnerships on the way. If you look at Request.Network's slack, they mentioned they will be using ChainLink services.

Do your own research.

Do you think they will announce some partnerships in sibos? Microsoft joined IC3 which Chainlink is apart of with Ari Juels as an advisor and co-director of IC3

When ChainLink releases this info soon...we gonna MOON so hard!!!!!