No, your thread's title isn't any more deserving of attention that anybody else's. Mind your manners.
Posted on 03/28/2025 4:03:33 AM PDT by hardspunned
The US is ready to consider Russia's return to the international banking system SWIFT. Why is it interested in Russia's comeback?
"The interest is understandable...[SWIFT] is logical and absolutely familiar for Americans," Nikita Maslennikov, an economist and expert at the Center for Political Technologies, tells Sputnik.
As of today, 159 US companies are operating in Russia at full capacity, 178 are in a semi-suspended mode but have not officially left the country, while over 300 have left permanently, as per Maslennikov.
Russia is in no rush to rejoin SWIFT as it has its own National Payment System, which has proved to be a viable alternative within the country, the pundit says. The use and testing of cross-border payment mechanisms is also already underway, per Maslennikov.
"Currently, the issues of international digital settlements are being tested. There is already an active use of digital financial assets in international payments for a number of countries and transactions," the pundit says.
SWIFT is a system of the past, Maslennikov adds, saying that by the end of the decade alternative systems will emerge. Over 90 countries are presently testing their own central bank digital currencies (CBDCs).
(Excerpt) Read more at x.com ...
From Grok:
“The decision to deny access to a particular member country, such as disconnecting banks from the system, is typically approved by relevant regulatory bodies, such as the European Union Council or governments imposing sanctions. SWIFT, being a neutral service provider headquartered in Belgium, complies with these regulations.
SWIFT could theoretically be denied to the U.S. if regulatory bodies impose restrictions”
The new woke boss in Canada basically called the U.S. an enemy of Canada yesterday. If you don’t think the maniacs running the EU aren’t insane enough to try to sanction the US, you have not been paying attention. The EU is doing everything possible to provoke a general war with Russia. A war that inevitably ends in the total destruction of Europe and a part of Russia at the minimum. Why not continue committing economic suicide if the U.S. won’t agree to attack Russia with them?
This is where someone calls you a Putin puppet if you don’t agree with more war or expanding the war. This is where someone rambles about democracy, human rights, and national sovereignty, pretending as if that’s the reason for this “unprovoked” war. (Sarc)
On thing everyone can agree on, the woke, warmongering EU is bat crap crazy enough to try anything.
SWIFT sucks and is a ripoff. Blockchain is far more efficient and cheaper. It will probably replace SWIFT in the near future.
Let the Eurotrash keep SWIFT.
Well, unless India or China decides to send their armies into a neighboring country in a war of conquest as did Russia, SWIFT is safe for them.
It’s only a matter of time until The Mark.........................
i think they mean TAYLOR swift...
You Sir, are correct. Blockchain systems already exist and have since at least 2018 that will allow much faster (seconds over day) and much cheaper (pennies instead of percentages) foreign transactions to occur on a decentralized platform.
Many banks, including bank f America, are using these platforms for their intra-bank transfers.
All the market is waiting on is regulatory guidance from the U.S. as the dollar is the “coin of the realm”. Trump is seeing too that right now.
SWIFT will either transform to blockchain technology or become a thing of the past.
Now we **HAVE** to come up with a follow-on system named T.A.Y.L.O.R. Just like, in the early days of the Net, the ARCHIE search engine was replaced by JUGGHEAD and then VERONICA. . . (grin)
No, your thread's title isn't any more deserving of attention that anybody else's. Mind your manners.
You should go check the source before you run your mouth.
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