{"id":40132,"date":"2021-04-05T12:00:02","date_gmt":"2021-04-05T09:00:02","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=40132"},"modified":"2025-08-30T12:45:11","modified_gmt":"2025-08-30T09:45:11","slug":"russian-foreign-ministry-signals-possible-alternative-to-swift-amid-the-rapid-growth-of-blockchain-and-digital-currencies","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/russian-foreign-ministry-signals-possible-alternative-to-swift-amid-the-rapid-growth-of-blockchain-and-digital-currencies\/","title":{"rendered":"Russian Foreign Ministry signals possible alternative to SWIFT amid the rapid growth of blockchain and digital currencies"},"content":{"rendered":"<p>Russia could see an alternative to the international cross-border payments system SWIFT, driven by \u201cthe rapid development of digital currencies and blockchain.\u201d Deputy Foreign Minister Alexander Panin, according to <a href=\"https:\/\/ria.ru\/20210405\/swift-1604223374.html\" target=\"_blank\" rel=\"noreferrer noopener\">\u00ab\u0420\u0418\u0410 \u041d\u043e\u0432\u043e\u0441\u0442\u0438\u00bb<\/a>.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cObviously, the basis for international settlements can be formed on a completely new technological foundation,\u201d he noted.<\/p>\n<\/blockquote>\n<p>According to him, the development of alternative SWIFT systems is not only a reaction to the geopolitical reality but also a response to the need to modernise payment methods in light of the latest advances in the digital sphere.<\/p>\n<p>In March, the president&#8217;s spokesman Dmitry Peskov did not rule out that <a href=\"https:\/\/tass.ru\/politika\/10961529\" target=\"_blank\" rel=\"noreferrer noopener\" title=\"https:\/\/tass.ru\/politika\/10961529\">\u0420\u043e\u0441\u0441\u0438\u044e \u043c\u043e\u0433\u0443\u0442 \u043e\u0442\u043a\u043b\u044e\u0447\u0438\u0442\u044c \u043e\u0442 SWIFT<\/a>.<\/p>\n<p>Earlier, the Bank of Russia suggested that SWIFT could be challenged by <a href=\"https:\/\/u1f987.com\/en\/news\/cbdcs-could-rival-swift-says-bank-of-russia\">central bank digital currencies<\/a>.<\/p>\n<p>Read ForkLog&#8217;s Bitcoin news on our <a href=\"\/\/telegram.me\/forklog\" target=\"\u201c_blank\u201d\" rel=\"\u201cnofollow\u201d noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Russia could see an alternative to the international cross-border payments system SWIFT, driven by \u201cthe rapid development of digital currencies and blockchain.\u201d Deputy Foreign Minister Alexander Panin said this.<\/p>\n","protected":false},"author":1,"featured_media":40133,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[27,116],"class_list":["post-40132","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-russia","tag-swift"],"aioseo_notices":[],"amp_enabled":true,"views":"22","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/40132","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=40132"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/40132\/revisions"}],"predecessor-version":[{"id":40134,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/40132\/revisions\/40134"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/40133"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=40132"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=40132"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=40132"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}