[benj111]

I agree tThenhis is the best plausible benefit, but the question arises, why not just improve swift?

We see with the Russia sanctions that the US wants to maintain control of the currency, so if this comes to be it's going to be hobbled as a crypto currency to do just that, and by that point you may aswell improve the existing infrastructure.

This is never going to be the electronic version of a dollar bill. Untraceable, irreversible. It's not going to get to the point where you can get rid of traditional banks. It's going to be a niche tool for niche applications. That's not bad as far as it goes, but I don't think it's what anyone is think of when they're discussing this.