Cryptocurrency Q&A Is SWIFT going to be discontinued?

Is SWIFT going to be discontinued?

Leonardo Leonardo Sat Oct 05 2024 | 5 answers 1521
Excuse me, could you elaborate on the statement that SWIFT may be discontinued? As a seasoned professional in cryptocurrency and finance, I'm intrigued by the possibility of such a significant change in the global financial landscape. SWIFT, after all, is a cornerstone of the international banking system, facilitating the transfer of trillions of dollars annually. Are there any specific reasons or trends that are driving this potential discontinuation? Are there alternative systems emerging that could potentially replace SWIFT? And most importantly, what would be the implications for the global financial system if SWIFT were indeed to cease operations? I'm eager to hear your insights on this matter. Is SWIFT going to be discontinued?

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