CryptoAce
Thu Oct 03 2024
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5 answers
1083
Is SWIFT a payment scheme?
Excuse me, but could you please clarify for me whether SWIFT is indeed considered a payment scheme? I've heard it mentioned in relation to international banking transactions, but I'm not entirely sure if it falls under the category of a payment scheme as we typically understand it. Could you elaborate on SWIFT's role and function in the context of financial transactions, and if it indeed serves as a means of payment between parties? Thank you for your time and clarification.
GyeongjuGlory
Fri Sep 27 2024
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6 answers
1407
What is the Swift payment scheme?
Could you please elaborate on what the Swift payment scheme entails? I'm interested in understanding its purpose, how it functions, and what makes it a popular choice for financial transactions. Additionally, I'd like to know if there are any specific industries or use cases where Swift is particularly beneficial or advantageous. Lastly, could you touch upon any potential limitations or challenges associated with utilizing the Swift payment scheme?
