Russian payment system alternative to SWIFT to be finalized in six months

An alternative to the U.S.-ran world has been planned for a while and now it’s already almost formed. All that’s missing is the putting together of a few final pieces, then deployment after a U.S. collapse and for the next world superpower(s) to fill the vacuum.

 

It was reported earlier that the Russian Central Bank was going to launch the system in autumn of 2015

VLADIVOSTOK, September 3. /TASS/. Russian payment system – alternative to SWIFT – will be finalized within six months, Deputy Finance Minister Alexei Moiseev told TASS Thursday.

“In general the work [on creating SWIFT analogue for BRICS – TASS] is in progress. First we need to finish developing a separate system. Once it is finally completed – and I think it will happen in six months – then we will continue moving forward,” he said.

Full article: Russian payment system alternative to SWIFT to be finalized in six months (ITAR-TASS)

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