Russian Swift-Alt & What is SWIFT? + Swift Developing Blockchain

If you do traditional banking, then you may be aware of #SWIFT, the Society for Worldwide Interbank #FinancialTelecommunication, which is a vast messaging network used by #banks and other #FinancialInstitutions across the world to send and receive information, (quickly, accurately, & securely) such as #MoneyTransfer instructions.

In the recent past, the centralized SWIFT system has been used to shut down banks in #NorthKorea, and has been used as a threat, to shut down banks in #Russia.

In today's video, we review the #Russian banking system announcement, that they have a "#SWIFTalternative" ready to go. And separately, we also have SWIFT Completing new #BlockchainTrials to advance their network position with the emerging #FinancialTechnology.

So, let's review: What is SWIFT and #Blockchain? What is happening in Russia? And Let's discuss!

=== Show Links === ... https://www.youtube.com/watch?v=2aB2jcU--Jw