Tell HN: SWIFT is not a payments transfer system
What you are implying here is that SWIFT ban is not that big of a deal as there are alternatives.<p>You are probably more educated on this, but I'm an Iranian and Iran was the only country so far that was banned from SWIFT. And it was a very very big deal. The banks could not deal with anywhere in the world and it become very difficult to send or receive money.<p>The EU tried to setup an alternative to SWIFT [0] so they could work with Iran but it didn't really work out.<p>[0] <a href="https://en.wikipedia.org/wiki/Instrument_in_Support_of_Trade_Exchanges" rel="nofollow">https://en.wikipedia.org/wiki/Instrument_in_Support_of_Trade...</a>