> since there is no way to get around trusting SWIFT as a bank I understand banks are free to have some kind of direct-transfer mechanism between them, like in

> since there is no way to get around trusting SWIFT as a bank I understand banks are free to have some kind of direct-transfer mechanism between them, like internet peering, it would just be redundant. But anyway, I would not trust SWIFT as gatekeepers of banking security. They're a prime example of a business that runs on COBOL written 40 years ago and they're not the paragon of progressive thinking in banking (SWIFT could torpedo Western Union overnight if they really wanted to) and finally, they already have a poor reputation in INFOSEC circles: https://en.wikipedia.org/wiki/2015%E2%80%932016_SWIFT_banking_hack https://en.wikipedia.org/wiki/2015%E2%80%932016_SWIFT_bankin...