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Conduit Secures $36M to Disrupt SWIFT with Stablecoin-Powered Cross-Border Payments
Conduit Secures $36M to Disrupt SWIFT with Stablecoin-Powered Cross-Border Payments
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Another day, another blockchain startup taking a swing at the sluggish SWIFT system—but this one’s got $36 million in fresh ammunition.
Stablecoins enter the ring: Conduit’s funding round signals a growing appetite for crypto-native alternatives to legacy payment rails. No more waiting 3-5 business days for your money to tour correspondent banks.
The cynical take: Banks will either adopt this tech or spend twice as much lobbying against it while their infrastructure creaks like a 1970s mainframe.
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