CIPS vs SWIFT: the battle for global financial infrastructure
Why CIPS vs SWIFT defines the future of financial power Behind every international wire transfer, trade invoice, and central bank operation lies a messaging infrastructure invisible to markets yet structurally decisive for geopolitical power. SWIFT — the Society for Worldwide Interbank Financial Telecommunication — has performed that function since 1973. China’s Cross-Border Interbank Payment System (CIPS), launched […]