Can countries replace SWIFT? Evidence from Russia suggests not easily | Metals Mine

  • Can countries replace SWIFT? Evidence from Russia suggests not easily

    From interest.co.nz

    When Russian banks were cut off from the SWIFT messaging system in 2022, the move was seen as one of the strongest financial sanctions imposed after the invasion of Ukraine. The measure, taken by the European Union and its allies, targeted major Russian banks and aimed to disrupt the country’s ability to conduct international transactions. SWIFT — the Society for Worldwide Interbank Financial Telecommunication — allows more than 11,000 financial institutions in over 200 countries to send secure, standardized payment instructions to one another. Without it, cross-border transactions become slower, more difficult ... (full story)

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LightchaserG
Apr 7, 2026 4:34am
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100% yes...
https://wero-wallet.eu/ is making waves in Europe. Swift, Visa, Master card already lost Billions.
Wero taken 20% of the market and growing quickly.
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Aigjoe
Apr 7, 2026 4:06am
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Yes.

With the use of block chain technology

Or simply put: BTC/YUAN
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Blessed-man
Apr 7, 2026 4:34am
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BTC cannot be a replacement in the current state it is

Beside being secure, it can lose 10% in few days, which means $500,000 payment could come in as $450,000 in less than 2 days in days of volatility.

Most businesses will rather stay with FIAT currencies
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Riziq-Cap
Apr 7, 2026 4:22am
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Yes, already replaced - with something superior!
- Waiting for correct political conditions to be implemented

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Shiham
Apr 7, 2026 4:03am
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Just gaming. every group is trying to manipulate to their own favourite bias. News is sometime one type of games
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