It Is Very Easy To Create New System That Can Defeat The SWIFT Banking System
Source, More Info: https://humanitywhole.wordpress.com
The SWIFT banking system are old and a little bit outdated in modern day.
It is very easy to defeat that system if you know their weakness and feature.
What are those features, weakness of the SWIFT banking system?
– The big banks have “upper hand” over small banks in term of cross border international transactions.
– It is all about having commercial bank account between banks/financial companies.
– Quite a slow process where need 2-5 business days to finish a transaction (some time need 2 week).
– High fee.
– Own by a small group of Western nation (West Europe + USA).
So it is very easy to to create a new one that better and able to defeat the SWIFT system easily.
With the appear of internet, technology in modern, you can create a system to help reduce the fee and reduce the transaction time.
And the keyword here is “competition”.
Want privacy, then only allow financial companies doing it.
If want more wide open, allow all entities come to play !
Is that possible to setup a system but have 2 markets: big transaction and low transaction and allow entity to join and benefit it?
Yes, very easy and simple !
But the core problem between nations is about new international currency but not the system in general.
And I have shared my vision with few ideas/solutions already.
If it not get accepted, then there is no reason for me to reveal anything about the new banking system that can defeat the SWIFT system.
Don’t want to share my working for free anymore.
I know and understand the stupid game you guys are playing more and more as the time going.
Best Regard,
The Savior Messiah Buddha
Source, More Info: https://humanitywhole.wordpress.com