MarcoPOLO@sh.itjust.works to World News@lemmy.ml · 9 months agoTehran and Moscow have completely abandoned SWIFT, the Central Bank of Iran saidwww.oreanda-news.comexternal-linkmessage-square5fedilinkarrow-up136arrow-down13
arrow-up133arrow-down1external-linkTehran and Moscow have completely abandoned SWIFT, the Central Bank of Iran saidwww.oreanda-news.comMarcoPOLO@sh.itjust.works to World News@lemmy.ml · 9 months agomessage-square5fedilink
minus-squarenekandro@lemmy.mllinkfedilinkarrow-up10arrow-down3·9 months agoSomewhat relevant since they form 2 of the 10 BRICS countries and China is often pretty eager to jump onto non-US systems for obvious reasons.
minus-squareRubberDuck@lemmy.worldlinkfedilinkarrow-up6·9 months agoWill be interesting to see if they trust eachother enough with the system. SWIFT is a large robust and proven system. Something new to the market could be engineered to favor one of the parties, this will be a test of trust as well as technology.
Somewhat relevant since they form 2 of the 10 BRICS countries and China is often pretty eager to jump onto non-US systems for obvious reasons.
Will be interesting to see if they trust eachother enough with the system. SWIFT is a large robust and proven system. Something new to the market could be engineered to favor one of the parties, this will be a test of trust as well as technology.