A quick breakdown of what SWIFT is and why it matters
I often wonder how money is stored.<p>It can't be just a number on a computer in a bank, right? Otherwise some Russian bank could just increase that number to whatever they like. And say "Look, we own 100 Trillion USD. Now let's go shopping.".<p>So I guess USD needs to be recognized by the US somehow?<p>Could the US simply "void" all USD that are owned by Russia?