Re:Swift payments network to cut access to crypto exchanges
by argella on Saturday January 21, 2023 @07:40PM
(#34472700)
* crypto includes more than btc
* btc has the lightning network for higher volume of transactions
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Re:Swift payments network to cut access to crypto exchanges
by ben_w on Sunday January 22, 2023 @03:35AM
(#34475498)
The first I explicitly acknowledged by saying it varies by crypto. Both are irrelevant.
SWIFT is (a) not the only inter-bank system, and (b) is specifically for inter-bank exchanges (the "I" is for Interbank), so when a transaction is between two accounts in the same bank it doesn't need to touch SWIFT.