Cryptocurrency Q&A Does SWIFT actually transfer money?

Does SWIFT actually transfer money?

CryptoConqueror CryptoConqueror Sun Oct 06 2024 | 6 answers 1292
Excuse me, but I've been hearing a lot about SWIFT and its role in international financial transactions. Could you clarify something for me? Does SWIFT actually transfer money, or does it just facilitate the transfer process in some other way? I'm a bit confused about the distinction between the two, and I'd appreciate it if you could explain it to me in simple terms. Thank you in advance for your help. Does SWIFT actually transfer money?

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