Cryptocurrency Q&A
Are BIC and SWIFT the same?
Are BIC and SWIFT the same?
CryptoBaron
Sun Dec 01 2024
|
6 answers
821
I'm trying to understand the difference between BIC and SWIFT. Are they the same thing, or do they have distinct functions and purposes in the financial world? I'm confused about their relationship.
6 answers
GyeongjuGloryDaysFestival
Mon Dec 02 2024
A SWIFT code and BIC code are identical and offer the same functionality.
Was this helpful?
120
36
CryptoAce
Mon Dec 02 2024
BIC is the code utilized by the SWIFT service for identification purposes.
Was this helpful?
141
80
Valentino
Mon Dec 02 2024
Through SWIFT, financial institutions worldwide can communicate securely and efficiently.
Was this helpful?
117
70
ChristopherWilson
Mon Dec 02 2024
The acronym SWIFT represents the Society for Worldwide Interbank Financial Telecommunication.
Was this helpful?
53
84
Valentina
Mon Dec 02 2024
SWIFT serves as the messaging system for the global financial network.
Was this helpful?
135
73
Load 5 more related questions
