Re:A quick breakdown of what SWIFT is and why it matters
by lxgr on Friday February 25, 2022 @05:05PM
(#30472916)
> How does one connect to the SWIFT network?
You generally need to be a bank or regulated financial institution.
SWIFT is just a messaging layer for correspondent banking. If you're not a bank, SWIFT access is about as useful as suddenly learning your country's president's cell phone number: Definitely cool, but the two of you would probably not have much to talk about.
You generally need to be a bank or regulated financial institution.
SWIFT is just a messaging layer for correspondent banking. If you're not a bank, SWIFT access is about as useful as suddenly learning your country's president's cell phone number: Definitely cool, but the two of you would probably not have much to talk about.