Question
Choose all that is correct about SWIFT. SWIFT is an international messaging systems that facilitate transactions between financial institutions. Only financial institutions that directly hold
Choose all that is correct about SWIFT.
SWIFT is an international messaging systems that facilitate transactions between financial institutions.
Only financial institutions that directly hold a shared account within the network can make transactions with each other.
It conventionally takes 1 to 3 business days for transactions to settle in SWIFT.
Payment tracking is made possible through the SWIFT global payments initiative solution.
Blockchain networks like Ripple net provide an alternative way for financial institutions to make transactions in a more transparent and quicker.
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