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RE: Iran removed from SWIFT network, will they switch to crypto?
Just for educational purposes, is swift the only system out there for banks to communicate?
I have in mind ripple system( crypto system)
I have in mind the system I heard China and Russia used.
Any ideas?
Keep on postin'
It is the most widely used by far. It is a way that nations can keep tabs on each other basically. There will be new systems popping up. Bitcoin is likely the beginning of that. No one likes that the US has the advantage of being the world's reserve currency, except the US of course.
Chinese like US being the reserve currency because they have invested a lot in USA and value of their investments would be basically zero without special treatment of US dollar.