Kite
Blog / Glossary / S / SWIFT

SWIFT

What crypto means by it

The messaging network banks use to instruct each other to move money across borders. It carries the message, not the money, which is why an international transfer can take days and pass through several banks on the way.

What you already know this as

This one is already the banking answer. The crypto comparison is an on-chain transfer, where the message and the money are the same event.

Decode with Kite

Paste the whole sentence and we will underline every term we recognise.

Or try: