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by wslh·2mo ago·view on hn ↗
The difference is clearly that banks have a different agenda from central banks.

SWIFT is a cooperative of banks also but it seems that some central banks endeavours are better. BTW Argentina created an innovation back in the early 2000s as a product of a crisis. It was implemented in record time and transfers were immediate back then and improving. It's not run by the central banks though.

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Bit like Moldova automating government because there simply was no money for armies of overpaid burocrates.