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> Think of SWIFT like the internet. You can build your own new internet, but you also need everyone else to connect to it as well. Yes, but if you include Chin
by rr808 5y ago
> Think of SWIFT like the internet. You can build your own new internet, but you also need everyone else to connect to it as well.
Yes, but if you include China, Russia, Venezuela, Iran, Sudan, Syria that's like 2 Billion people.
CIPS already has big Western banks as part owners. https://www.reuters.com/article/china-banks-clearing-idUSL3N2F115E https://www.reuters.com/article/china-banks-clearing-idUSL3N...