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SWIFT sentiment lately

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Am I the only one noticing an increasing amount of "bad" SWIFT news lately? Might be a good thing for Ripple :D


Some examples:

18 feb: India's City Union Bank CEO says suffered cyber hack via SWIFT system


16 feb: Hackers stole $6 million from Russian bank via SWIFT system: central bank


13 feb: Russian banks ready to switch off SWIFT – official


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1 hour ago, gkatz said:

i mean, when you try to transfer FIAT to your exchange via swift to catch a dip but it takes 5 days and you want to kill someone cause you missed the dip - that's when you understand how bad swift is :)

Exactly what I did last week when the price doubled while waiting for the transfer...

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SWIFT will forever be at a major disadvantage- just because of it's structure.  Co-op entity.  Causes dilution of interest in investment- playing this out there just isn't anyone highly interested in changing - investing  - rocking the boat -- in fact quite the opposite- a Co-op is traditionally conservative, behind the times, share wealth etc...  move slow.  This is pretty much why I think a lot of SWIFT's executives flipped over to Ripple over the past few years.  Writing on the wall.   Really, how embarrassing to have a system operate so badly.

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