Cardano Founder Declares SWIFT and Legacy Finance Systems Headed for Extinction

Charles Hoskinson just dropped a bomb on traditional finance—predicting the imminent collapse of legacy systems like SWIFT.

The Prediction

Cardano's founder didn't mince words. He called current banking infrastructure 'obsolete' and 'doomed'—pointing to blockchain's superior speed and transparency.

Why It Matters

SWIFT moves trillions daily but takes days to settle. Crypto settles in minutes. Banks still charge $50 wire fees while Ethereum clears for pennies.

The Irony

Wall Street spends millions lobbying against crypto while quietly building their own blockchains. They know the tide's turning—they just want to control the boats.

Final Thought

Legacy finance won't die quietly. It'll bleed out from a thousand cuts—each DeFi protocol, each cross-border crypto payment, each smart contract bypassing intermediaries. The funeral might take years, but the cause of death is already in the chart: disruption.