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Amoxtli@thelemmy.club to worldnews@sh.itjust.worksEnglish · 2 years ago

BRICS Officially Announces Financial System Similar to SWIFT

watcher.guru

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BRICS Officially Announces Financial System Similar to SWIFT

watcher.guru

Amoxtli@thelemmy.club to worldnews@sh.itjust.worksEnglish · 2 years ago
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  • cross-posted to:
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  • worldnews@lemmy.ml
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The BRICS alliance will create a new financial messaging system similar to SWIFT and trade in local currencies and not the US dollar.
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  • cabron_offsets@lemmy.world
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    2 years ago

    Suggest everyone who stumbles upon this post view OPs history. He’s a blyat.

    • Dharma Curious (he/him)@slrpnk.net
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      2 years ago

      Gonna need someone to explain Swift to me (google is not helping thanks to Taylor’s popularity), and also a blyat

      • cabron_offsets@lemmy.world
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        2 years ago

        https://www.investopedia.com/articles/personal-finance/050515/how-swift-system-works.asp

        https://www.dictionary.com/e/translations/cyka-blyat/

      • Bluefalcon@discuss.tchncs.de
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        2 years ago

        Swift codes are used for international banking. Not every bank has a code. Unless you transfer money internationally then you will never use it. Most Americans use western union or we have other options. Honestly it is for companies more so.

        Also, if you do shady stuff, banks will kick you out of the swift codes. That would be the main reason to create their own.

        https://www.theswiftcodes.com/

  • aubeynarf@lemmynsfw.com
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    22 days ago

    deleted by creator

  • RubberDuck@lemmy.world
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    2 years ago

    It probably depends if there will be banks that offer both and try to serve as an interconnect. And how this will be treated. If this is accepted it might work, if these banks get ousted from swift, it won’t.

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