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EU Unlikely to Push for Russia to Be Removed from SWIFT - Diplomats


  Despite Russia launching a full-scale invasion of Ukraine, the war’s outbreak has not yet convinced the European Union to push for the aggressor to be kicked out of the Society for Worldwide Interbank Financial Telecommunication (SWIFT) global payments network -- a move that would drastically...

Rubic Enters Into a Collaboration with Swift Finance


Rubic, a renowned Decentralized Finance hub operating on a multi-blockchain structure, has announced its latest collaboration with the Avalanche-based Swift Finance Network. The proposed partnership will prove advantageous for the involved parties as Swift will launch the Rubic Relay Widget on...

Kalashnikov Wants to Shoot Down SWIFT and Switch to ‘Digital Currency’


The owner of Kalashnikov, the firm that created the AK-47 assault rifle, wants to uncouple from the SWIFT international payments network and banking sector-controlled payments and make use of “digital currencies” – presumably crypto in this case – instead. According to the news agency TASS,...

BIS and SWIFT Intensify Race With Crypto For Cross-Border Payments


Major players of the traditional financial industry are looking for new ways how to keep their positions, threatened by the emerging cryptoasset and decentralized finance (DeFi) industries. The Bank for International Settlements’ Innovation Hub (BISIH) and the Society for Worldwide Interbank...

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