First Mover Asia: China’s Potential SWIFT Competitor CIPS Lacks Reach; Bitcoin, Ether Rise Again

https://www.coindesk.com/resizer/z4J80R6xjSjLSnOZ6g10A1IzdMM=/800×600/cloudfront-us-east-1.images.arcpublishing.com/coindesk/F7HMTPUYTNEMXAPQHIF426VJ24.jpgThe Cross-Border Interbank Payment System has just 75 members and processes only a fraction of the transactions that SWIFT handles; most major cryptos jump even as the Russian invasion intensifies.