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SWIFT is a stone-age blockchain. Its messages have non-repudation properties. The ban makes it much harder to make settlements.
by sam_lowry_ 5y ago
SWIFT is a stone-age blockchain. Its messages have non-repudation properties.
The ban makes it much harder to make settlements.
- dariusj18 5y agoI imagine the idea being that without SWIFT, any bank will require the funds to have actually moved before they are made available.