HBAR Takes a Giant Stride as SWIFT Launches Live Trials Using Hedera's Technology Starting in 2025

This move, announced at HederaCon, marks a monumental leap for the Hedera blockchain potentially cementing its position as a leading distributed ledger technology (DLT) for financial institutions.

As the trusted voice of the financial industry, SWIFT is launching live trials using Hedera’s technology in 2025. This integration, announced at HederaCon, marks a huge step for the blockchain.

Announced at HederaCon, SWIFT will launch live trials using Hedera’s technology in 2025.

The integration, which will see a number of banks across North America, Europe and Asia take part, showcases SWIFT’s confidence in Hedera’s ability to handle its technology in a real-world setting. It also marks a huge step for the blockchain as it continues to be adopted by a number of institutions.

SWIFT, which is used by banks to move over $150 trillion annually, has been testing out its new technology with a view to launching a calculus-based tokenized payment use case. The integration will see institutions across the globe testing out the benefits of blockchain.

Earlier this year, SWIFT completed a PoC with Hedera to validate the integration of its technology for processing cross-border payments. The integration will see institutions across the globe testing out the benefits of blockchain.

Moreover, Hedera is already the preferred L1 DLT for the International Institute of Finance, which represents 450 of the world’s largest banks.

The upcoming live trials will demonstrate HBAR’s ability to handle the high-volume needs of international banking in even greater detail. The successful tests and endorsements from both SWIFT and IIF attest to HBAR’s position as a premier blockchain for global financial institutions.

HBAR’s ‘Beautiful’ Setup: $0.228 Key to Explosive Growth

Adding to the bullish outlook, technical analysis reveals HBAR is currently sitting at a strong support level.

“The structure is holding beautifully, and we're still in a bullish count from lower lows and lower highs,” technical analysts note, suggesting a potential breakout. Specifically, they highlight the importance of the $0.228-$0.23 level, which needs to be reclaimed to trigger rapid upward movement.

“A breakout from this range paves the way for a test of the 0.382 fib at $0.38-$0.40, and a steeper ascent to 0.5 fib at $0.50.”

Pointing out that this move could happen quickly, traders are advised to keep a close watch on this crucial support zone and capitalize on this potential opportunity.

Hedera’s burgeoning adoption extends far beyond the banking sphere. The platform has expanded its footprint across various sectors and is being leveraged by government bodies.

From banking and aviation to security and more, the blockchain platform has teamed up with leading players including Novatti’s use of Hedera in MAS trials. These partnerships and integrations are key drivers of Hedera’s long-term success.

In related news, Nasdaq recently filed a proposed rule change with the U.S. Securities and Exchange Commission (SEC) to list and trade shares of the Canary HBAR ETF. This ETF aims to provide institutional investors with exposure to the Hedera Network token.