SWIFT has partnered with ConsenSys and over 30 global banks to develop a blockchain-based shared ledger for tokenized cross-border transactions, as unveiled at the 2025 Sibos conference. BitPay's Chief Revenue Officer, Bill Zielke, highlighted the critical role of interoperability with public blockchains to maintain security and cost advantages. Zielke asserted that this initiative will not diminish the demand for cryptocurrency payments, predicting stablecoins will constitute 40% of BitPay's transaction volume in 2025. BitPay also plans to support bank-issued tokens as necessary.