Questions tagged [swift]

CryptoKnight Tue Aug 27 2024 | 6 answers 1089

Excuse me, could you please clarify for me which currencies are currently supported by SWIFT? I'm interested in understanding the range of international transactions that can be facilitated through their system, and I'd appreciate it if you could provide a concise overview of the different currencies that are accepted. Additionally, is there any information you can share about the process for adding new currencies to SWIFT's network, or any potential future developments in this area? Thank you for your assistance.

Alessandro Tue Aug 27 2024 | 5 answers 906

Is it true that Hong Kong utilizes the SWIFT system for international financial transactions, similar to many other major financial centers globally? I understand SWIFT, the Society for Worldwide Interbank Financial Telecommunication, facilitates the secure transfer of information and money between banks worldwide. Given Hong Kong's status as a global financial hub, I'm curious about its adoption of this widely used system. Could you clarify if Hong Kong banks employ SWIFT for their international transactions?

benjamin_rose_author Tue Aug 27 2024 | 6 answers 1268

Excuse me, could you please clarify what exactly is meant by "SWIFT money"? I'm aware of SWIFT, the Society for Worldwide Interbank Financial Telecommunication, which is a messaging network used by banks and financial institutions to securely transmit financial information, such as transfer instructions and trade details. However, I'm not familiar with the term "SWIFT money" being used in the context of financial transactions or cryptocurrency. Could you elaborate on how this term is being used and what it specifically refers to?

Andrea Tue Aug 27 2024 | 5 answers 1056

Excuse me, I was just perusing through some investment options and came across the mention of Swift. Now, I understand that Swift is primarily known for its role in facilitating international bank transfers, but I'm intrigued. Could you possibly clarify whether Swift itself is an investment opportunity, or is there perhaps a misunderstanding here? Is there a specific company or fund associated with Swift that one could potentially invest in? And if so, what would be the key considerations or risks associated with such an investment? Thank you for your time and clarification.

WhisperInfinity Tue Aug 27 2024 | 6 answers 1461

Could you elaborate on whether Swift, the international banking network, is currently utilizing blockchain technology in their operations? I'm curious about the extent of their involvement with this innovative technology and whether they've made any significant investments or partnerships in the blockchain space. It would be insightful to understand how Swift might be leveraging blockchain to streamline cross-border payments, increase efficiency, and potentially reduce costs for their clients.