SWIFT Just Flipped the Switch: Why Private Ledgers Are Public Crypto’s Real Competition

For years, the crypto faithful worried about central bank digital currencies, Wall Street paper bitcoin, or another exchange collapse killing the dream. JPMorgan just offered a sharper diagnosis: the real risk is that banks and institutions simply build a parallel blockchain universe that never touches public networks at all. And within days, SWIFT provided the proof of concept — a Hyperledger Besu ledger live with 17 global banks, settling tokenized deposits around the clock. If the plumbing of...