RE: Not the Russian peoples war........27 Feb 2022 23:00
As of 2018, around half of all high-value cross-border payments worldwide used the SWIFT network,[9] and in 2015, SWIFT linked more than 11,000 financial institutions in over 200 countries and territories, who were exchanging an average of over 32 million messages per day (compared to an average of 2.4 million daily messages in 1995).[10]
Though widely utilized, SWIFT has been criticized for its inefficiency. In 2018, the London-based Financial Times noted that transfers frequently "pass through multiple banks before reaching their final destination, making them time-consuming, costly and lacking transparency on how much money will arrive at the other end".[9] SWIFT has since introduced an improved service called "Global Payments Innovation" (GPI), claiming it was adopted by 165 banks and was completing half its payments within 30 minutes.[9]
https://en.wikipedia.org/wiki/SWIFT