NebulaPulse
Sun Oct 06 2024
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5 answers
1144
What are the disadvantages of SWIFT?
Could you elaborate on some of the drawbacks of using SWIFT for international financial transactions? I'm particularly interested in understanding the limitations in terms of speed, cost, security, and accessibility. Additionally, how does SWIFT's reliance on intermediaries and the potential for delays in the settlement process impact businesses and individuals who rely on swift and efficient transactions? Are there any alternatives that offer more streamlined and cost-effective solutions?
