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A comment on Digital euro could drain up to 700B euros of deposits in bank run, ECB says. Parent comment

Re:Digital euro could drain up to 700B euros of deposits in ... by saubeidl on Friday October 10, 2025 @08:46AM (#45538375)
Isn't SWIFT a European payment system already?
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Re:Digital euro could drain up to 700B euros of deposits in ... by arielcostas on Friday October 10, 2025 @09:01AM (#45538515)
SWIFT is a communication layer, but banks still settle money via separate channels. Plus in many instances, international transfers may end up going through a US entity because of the USD's huge liquidity and volumes for FX exchanges; plus the largest banks being USAmerican.
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