Post
Topic
Board Bitcoin Discussion
Re: Russia cut off from Swift is fantastic opportunity for bitcoin
by
DeathAngel
on 24/02/2022, 23:25:47 UTC
I'm reading many articles explaining that Russia shall be cut off from the SWIFT global interbank payments system, as a sanction in response to its invasion of Ukraine. That means it would be impossible to make bank transfers between Russia and most other countries.

I see this as an absolutely fantastic opportunity for BTC.
If you can"t use banks, just use BTC and be happy.

My fear is that Russia starts using bitcoin & then the West is aggressive towards bitcoin use in their countries. Obviously they can’t stop people using bitcoin but they can make it difficult for average joe. I don’t want to have to move country because I can’t sell bitcoin at a profit to buy a home etc because my bank blocks the winthdrawal from the exchange.