[crgi]

Fully agree. The current/legacy financial infrastructure is actually 10 times more decentralized than any DLT: DLT is the same software run on multiple nodes. SWIFT in contrast is a protocol, that anyone can implement. So its hundreds of software teams, building and operating their part of the infrastructure and integrating with each other. The SWIFT protocol itself is maintained by the member organizations, anyone can bring in proposals. The complexity of it does not come from technology, but the regulatory requirements which differ vastly across the world.

[yaa_minu]

Bitcoin is also a protocol and there are several implementations. The same applies to the lightening protocol which has about 7 different client implementations and growing.