SWIFT

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Digital Currencies Could Outshine SWIFT System, Says Central Bank of Russia’s Deputy Governor

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The first deputy governor of the Central Bank of Russia (CBR) has been vocal in a recent online meeting, reported by Russia Today (RT), about the topic of digital currencies challenging the SWIFT international payments system and make it redundant. Digital Currencies Could Challenge SWIFT System, Even Replace It According to Olga Skorobogatova, the development … Read more

Massive Protests Led to Suspension of SWIFT and Banking Activities in Kyrgyzstan

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Kyrgyzstan has suspended the SWIFT system and recommended that banking activities be halted until the severe political unrest in the country stabilizes. Massive protests broke out after parliamentary elections as the opposition stormed government buildings and forced the prime minister to resign. Suspension of SWIFT and Banking Services The National Bank of Kyrgyzstan announced on … Read more

Bankera Launches Bank Account Alternative Focused on Crypto Businesses

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Bankera, an ambitious project to build a neobank for the digital era, has started to offer payment accounts to individual and business clients as a low-cost, fast and convenient alternative to traditional bank accounts. Individual and business clients who sign up to the service can already enjoy dedicated European IBAN accounts to send and receive … Read more

Swift’s GPI and Ripple are Ducks in Very Different Ponds

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A lot of people have a genuine dislike toward Ripple and XRP. There are also genuine concerns over its ODL service being capable of convincing enough financial institutions. It is evident that the bias toward this company has grown somewhat out of proportion. GPI and Ripple Aren’t Competing yet However, one post on StockTwits paints … Read more