SWIFT is past, SPFS is now…

By | November 8, 2018

Russia’s money transfer system, developed as an alternative to SWIFT is now more popular than the global network, said Anatoly Aksakov, head of the Russian parliamentary committee on financial markets. He explained that Moscow is already engaged in talks with Chinese, Turkish and Iranian financial regulators on integrating its System for Transfer of Financial Messages (SPFS) with financial messaging systems of those countries.

Source: Russia’s alternative to SWIFT payment system poised to eclipse the original – MP — RT Business News

So what does the USA do?

Pushes Iran and others into the arms of the new system…

https://sputniknews.com/business/201811061069561736-iran-us-sanctions-swift-system/

WtR

Category: Russia

About kKeeton

A survivor of six heart attacks and a brain tumor, a grumpy bear of a man, whom has declared Russia as his new and wonderful home. His wife is Russian and she puts up with this bear of a man and keeps him in line...Thank God for my sweetie and Russia...kKEETON