Bitcoin vs Swift
Crypto has been in the news a lot the past year, but now traditional banking is too since SWIFT is cutting off Russian banks. So I've been comparing them on the metrics: SWIFT [1] - Moves ~50M transactions/day [3] - Totaling ~$5T/day [4] - Connects ~11k banks globally [1] - 50% $, 30% €, 5% £ [5] - $60T+ global supply [6] Crypto [2] - Moves ~10M transactions/day [7] - Totaling ~$50B/day [8] - Connects ~15k nodes globally [9] - 40% ₿, 20% Ξ, and many others [10,11] - $2T global supply [10] - 320M wallets (2022) [15] There are also other traditional networks [1], like China's CIPS that connects ~1k banks globally, and Russia has its own as well, the SPFS; bet that’s coming in handy. Crypto also has other majors like Ether, Ripple, Cardano. [10,11] But while SWIFT is almost completely dark (unless you’re the NSA, Snowden claims), you can watch BTC rain down live [12] or go create your own [13]. Crypto looks surprisingly strong! SWIFT still has the most highbrow newslet