I like the idea but there would be regulations instilled upon that network and hopefully they don't let it be controlled by someone. It's a very good idea that could potentially help all the countries who would be involved in the said network. However, lack of information regarding on how they will do it and the rules and regulations attached to it is a very negative situation at the moment which makes it difficult to judge how would the SWIFT  payment goes. It's a nice idea, just that more information is needed on how would they implement the said system.