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SWIFT VS VENEZUELAN BANKING
The SWIFT system is essentially the "WhatsApp" of banks. It doesn't physically move money, but sends secure and standardized messages so that banks know what to do with the funds.
Here I explain what it's about and how it connects with the banking reality of Venezuela. 👇🏼
What is SWIFT? 🤔
SWIFT stands for Society for Worldwide Interbank Financial Telecommunication. It is a global network that connects more than 11,000 financial institutions in over 200 countries.
Here I explain what it's about and how it connects with the banking reality of Venezuela. 👇🏼
What is SWIFT? 🤔
SWIFT stands for Society for Worldwide Interbank Financial Telecommunication. It is a global network that connects more than 11,000 financial institutions in over 200 countries.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.