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Title: 2013-05-20 Forbes : Bitcoin Comes To SWIFT Post by: bobdude17 on May 21, 2013, 12:16:23 AM http://www.forbes.com/sites/jonmatonis/2013/05/20/bitcoin-comes-to-swift/ Title: Re: 2013-05-20 Forbes : Bitcoin Comes To SWIFT Post by: aigeezer on May 21, 2013, 01:07:41 AM http://www.forbes.com/sites/jonmatonis/2013/05/20/bitcoin-comes-to-swift/ Matonis is always a good read. "This European Union approach to money and payments sits in stark contrast to events currently unfolding in the United States where a still-evolving payments exchanger recently had account funds seized via court order on dubious legal grounds. The EU tends to view futuristic payments as a framework opportunity rather than a target-rich environment for arrogant enforcement." Title: Re: 2013-05-20 Forbes : Bitcoin Comes To SWIFT Post by: inge on May 21, 2013, 10:41:37 AM Very nice article.
Title: Re: 2013-05-20 Forbes : Bitcoin Comes To SWIFT Post by: TraderTimm on May 21, 2013, 08:28:45 PM This is fantastic - I wish I could've been there, watching people in expensive suits and silk ties squirm a bit when the live feed updated, some with the distinct feeling that they've just seen the premonition of their own demise.
The concluding sentiment doesn't surprise either -- "Oh sure, it will do something in the next few years or so - but we're perfectly okay with our large fee transaction scheme... (we think)." Yeah, sure you are guys. Just wait until most international transfer bypasses you like a crowbar thrown on the third rail of the subway. No power coming to you down the line, I'm afraid - Bitcoin has shunted it all, or soon will. Couldn't happen to a better group of overpaid bit-shifters. |