Daily Fintech Conversations

Bye-bye SWIFT

Originally published at: https://dailyfintech.com/2020/06/15/bye-bye-swift/

  Created in 1973, the Society for Worldwide Interbank Financial Telecommunication (Swift) developed a secure network to send and receive information about financial transactions. Today it’s used by more than 11,000 financial institutions in 212 different countries. More than $5 trillion go through Swift’s network every day. As you can expect, several projects and companies…