2013-05-20 Forbes : Bitcoin Comes To SWIFT

[bobdude17]

  http://www.forbes.com/sites/jonmatonis/2013/05/20/bitcoin-comes-to-swift/

[1715535917]

1715535917

[1715535917]

1715535917

[aigeezer]

  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."

[inge]

Very nice article.

[TraderTimm]

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.