Swift Partners with Consensys to Build Blockchain Settlement SystemThe global banking network Swift is teaming up with blockchain developer Consensys and over 30 major banks to create a new way to send money across borders. The new blockchain system aims to combine messaging and settlement into one process. Ripple has spent years promoting its blockchain system as a faster, cheaper alternative to Swift. However, Swift’s new blockchain infrastructure could offer similar benefits while working with established banking partners. Rather than using Ripple’s technology, Swift chose to build on Ethereum’s ecosystem through Consensys.