Swift seems to be building its own consortium blockchain, but in reality, it’s trying to steal Ripple's @Ripple lunch. Global payments giant @swiftcommunity managed to take its consortium blockchain from concept to launch in just 9 months, enabling pilot banks to achieve 24/7 cross-border payments with tokenized deposits. Among the first batch of 17 pilot banks, the vast majority are Ripple’s core clients: leveraging RippleNet for global settlements, with real annual payment volumes in the tens of billions to hundreds of billions range. Swift’s rush to launch its consortium blockchain overlaps heavily with RippleNet’s business. Looks like Ripple has indeed shaken up the TradFi big brother’s cake.