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Title: Banking infrastructure Post by: btcmind on April 20, 2013, 03:12:46 PM Any banking experts here?
How does SWIFT work? It's a pure X25 protocol, so there are no measures to reduce counterparty risk? Are there countries which are not part of SWIFT? Does SWIFT define what a bank is depending on the jurisdiction? Title: Re: Banking infrastructure Post by: Bitcoinpro on April 20, 2013, 03:22:17 PM SWIFT moved to its current IP network infrastructure, known as SWIFTNet, from 2001 to 2005,[9] providing a total replacement of the previous X.25 infrastructure
http://en.wikipedia.org/wiki/Society_for_Worldwide_Interbank_Financial_Telecommunication |