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Unlocking the Power of Swift

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If you have ever tried to wire money abroad, you may have heard of SWIFT, but what is it?

SWIFT, known as the Society for Worldwide Interbank Financial Telecommunication, does not wire your money. SWIFT is merely a secure financial messaging network that sends banks payment orders. The payment order tells the bank that an account holder is trying to transfer funds to another third party.

Publicado en: Economía y finanzas
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Unlocking the Power of Swift

  1. 1. Unlocking the Power of SWIFT By John Scianna, CoinPip
  2. 2. Learn more from the blog! Tweet it out! @CoinPip