Tuesday, August 25, 2020

Simple Swift

 The tax dollar smart card currency contract.  it is the definition of a leaf Swift node, anyone can use it.  The complete correspondent system retained.

So, in one single statement, the Fed dominates the payments space for tax dollars.  But the correspondent banks automatically become trust banks. Why not? Push fintech to move up the stack.

The correspondent banks have a secure card interface, so everything is sand box contained.

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