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SWIFT is WhatsApp for payments. It doesn't move money, it moves messages concerning the movement of money. The alternative to SWIFT for banks is picking up the
by politician 5y ago
SWIFT is WhatsApp for payments. It doesn't move money, it moves messages concerning the movement of money. The alternative to SWIFT for banks is picking up the phone and calling the other bank to setup a transfer, or setting up a private API between banks.