MysterylitRapture
Thu Nov 14 2024
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6 answers
1206
What currency is SWIFT?
The user wants to know which currency is used by the SWIFT system for transactions. They are seeking clarification on whether SWIFT uses a specific currency or if it supports multiple currencies for international financial transactions.
DiamondStorm
Sun Oct 06 2024
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5 answers
1408
What is ISO 20022 in a nutshell?
Could you please provide a concise explanation of what ISO 20022 is in a nutshell? I'm curious to understand the basics of this standard and how it relates to the world of finance and cryptocurrency. Is it a set of rules or guidelines that financial institutions follow to ensure interoperability and efficiency in their transactions? Or is it something else entirely? I'd appreciate any insights you can offer on this topic.
GeishaCharm
Wed Oct 02 2024
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7 answers
1238
What is Swift and how is it used?
Could you please elaborate on what Swift is and its applications in the financial industry? I'm curious to know how it facilitates international transactions and what makes it a popular choice among banks and financial institutions. Also, could you provide an example of how Swift works in practice, perhaps in the context of a cross-border wire transfer?
