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.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.The EU tried to setup an alternative to SWIFT [0] so they could work with Iran but it didn't really work out.[0] https://en.wikipedia.org/wiki/Instrument_in_Support_of_Trade...