SWIFT is a governing body? More of a third party providers of Cross Border Messaging Services. With entry of more players like Ripple, they are gradually losing their monopoly.
Swift is a governing body in the sense that regulate the message transfer between parties. Strictly speaking, all correspondent banking payments are bilaterally goverened.
2 Comments
SWIFT is a governing body? More of a third party providers of Cross Border Messaging Services. With entry of more players like Ripple, they are gradually losing their monopoly.
Swift is a governing body in the sense that regulate the message transfer between parties. Strictly speaking, all correspondent banking payments are bilaterally goverened.