1/🧵
We had something big that happened in the financial system that favors cryptocurrency. It is something that was seriously overlooked but it worthy of highlighting.
1/🧵
We had something big that happened in the financial system that favors cryptocurrency. It is something that was seriously overlooked but it worthy of highlighting.
2/ The West decided to weaponize SWIFT and kick some of the Russian banks off. This is a messenger server that the global banking system uses.
3/ The problem is that the leverage was broken by the fact that Russia, China, and some other countries decided to expand out an alternative. This means the power of threatening countries with SWIFT removal is gone.
4/ This was a point of vulnerability to countries that embraced crypto. This is no longer the case. So while there are still headwinds, the financial system saw a major change.
5/ This paves the way for cryptocurrency. With alternatives, the options increase, We know this. Now we have the biggest financial alternative, crypto, able to build out to a greater degree. This is a global system.
For full article:
https://leofinance.io/@taskmaster4450/the-authoritarian-stranglehold-on-the-financial-system-broken-paving-the-way-for-cryptocurrency