Cryptocurrency Q&A
What is SWIFT money?
What is SWIFT money?
benjamin_rose_author
Tue Aug 27 2024
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6
answers
1268
Excuse me, could you please clarify what exactly is meant by "SWIFT money"? I'm aware of SWIFT, the Society for Worldwide Interbank Financial Telecommunication, which is a messaging network used by banks and financial institutions to securely transmit financial information, such as transfer instructions and trade details. However, I'm not familiar with the term "SWIFT money" being used in the context of financial transactions or cryptocurrency. Could you elaborate on how this term is being used and what it specifically refers to?
