“Taking into account the rapid development of digital currencies and blockchain, it is obvious that the basis for international settlements can be formed on a completely new technological basis,” he said.
He noted that the development of alternative SWIFT systems is “not only a response to the current geopolitical reality, but also a response to the need to modernize payment methods, taking into account modern advanced achievements in the digital sphere.”
Note that SWIFT is an international interbank system for transferring information and making payments. This system allows financial institutions around the world to send and receive information about financial transactions in a secure, standardized and reliable manner.
More than 11 thousand of the largest organizations in about 200 countries are connected to the system.
– .
