If you have ever tried to wire money abroad, you may have heard of SWIFT, but what is it? SWIFT, known as the Society for Worldwide Interbank Financial Telecommunication, does not wire your money. SWIFT is merely a secure financial messaging network that sends banks payment orders. The payment order tells the bank that an account holder is trying to transfer funds to another third party.

1. Unlocking the Power of
SWIFT
By John Scianna, CoinPip

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