How Will XRP Be Affected with the Recent Partnership Between SWIFT and R3 Blockchain Firm

2019-1-31 01:43

The global messaging system SWIFT announced that it will be integrating R3’s open source blockchain solution at a proof-of-concept stage. The information was released by SWIFT’s CEO Gottfried Leibbrandt during the Paris Fintech Forum on January 30.

This is something that Ripple should be paying close attention to since the company is currently trying to offer services and products to perform cross-border payments in an easier and faster way than with SWIFT.

Mr. Leibbrand informed that the trial would see the interaction of the SWIFT payments standard framework called Global Payments Innovation (GPI) with the financial platform developed by R3. It will be possible for clients to initiate a payment on the trading platform going into GPI, comented Leibbrandt during a conversation with CNBC.

This announcement made by SWIFT is very important because it is related to speculation about the company embracing blockchain technology to improve the services that it offers and its system. Back in November 2018, rumours spread regarding a partnership with Ripple Labs. However, this turned out not to be real.

Brad Garlinghouse has also commented in the past that their intention at Ripple is to surpass SWIFT and compete with them. R3’s Corda Settler is currently using XRP tokens in order to settle transactions around the world between financial companies. At the moment, the SWIFT network is currently working with 11,000 financial institutions.

Ripple CEO believes that SWIFT is a slow and expensive payment network and that decentralization was a better alternative to centralized payment networks.

Libbrandt told CNBC:

“I think that the big part of Ripple’s value proposition is the cryptocurrency XRP. There we do find the banks are hesitant to convert things into a cryptocurrency right now because of the volatility in the currencies.”

In the near future, SWIFT could be using the XRP token to perform transactions using the R3 network. Nevertheless, in the future, it might be possible to see the implementation of a stablecoin instead of XRP on the R3 platform.

In the last 24 hours, XRP has increased its valye around 11.47%. Each XRP token can now be purchased for $0.323 and it has a market capitalization of $13.31 billion. Additionally, several banks and financial institutions could start to use XRP to perform cross-border payments using the xRapid product developed by Ripple Labs.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitswift (SWIFT) на Currencies.ru

$ 0.1699 (-0.07%)
Объем 24H $7
Изменеия 24h: 0.25 %, 7d: 3.60 %
Cегодня L: $0.1699 - H: $0.17
Капитализация $660.116k Rank 1963
Цена в час новости $ 0.0697856 (143.46%)

swift blockchain january gottfried paris leibbrandt fintech

Источник: bitcoinexchangeguide.com

swift blockchain → Результатов: 63


It’s do or die in payments, says CEO Gottfried Leibbrant as SWIFT embraces new blockchain initiative

SWIFT, one of the world’s leading providers of secure financial services, turned heads in the crypto-community by announcing its move to go all in on blockchain and open finance. This step will change the current scene in the crypto-market as SWIFT aims to offer the same level of convenience and immediacy, as offered by other […] The post It’s do or die in payments, says CEO Gottfried Leibbrant as SWIFT embraces new blockchain initiative appeared first on AMBCrypto.

2019-6-22 20:30


Иран может презентовать национальную криптовалюту

Правительство Ирана может официально представить национальную криптовалюту. СМИ называют предполагаемую дату презентации нового платежного средства — 29 января. В этот день в Тегеране пройдет ежегодная конференция «Электронный банкинг и платежные системы», главной темой которого на этот раз заявлена блокчейн-революция.

2019-1-28 22:25


Did SWIFT “chicken out” of a debate with Ripple and how will this affect XRP price?

The long-awaited confrontation between Ripple and SWIFT that was scheduled to happen during this year’s Blockchain Economic Forum in Davos will apparently not be happening after all. Ripple’s official subreddit broke the news today, confirming that the CEO of SWIFT, Gottfried Leibbrandt, withdrew from his speaking role at this event’s round table conference on payment […] The post Did SWIFT “chicken out” of a debate with Ripple and how will this affect XRP price? appeared first on CaptainAltcoin.

2019-1-21 15:53


Ethereum [ETH] Price Analysis – Ethereum Approaches Liquidity Area After Bearish Week

After an extremely bullish start to 2019 for Ethereum, there was a swift return to underperformance for the cryptocurrency last week. Last weeks underperformance resulted in Ethereum dropping to the position of third largest cryptocurrency by market cap with Ripple’s XRP overtaking it for the second position.

2019-1-14 18:58


[VIDEO] Crypto News Recap Dec 13th: eToro XRP, Opera, Bomb Threat Bitcoin Ransom, SWIFT CEO and More

eToro Crypto Trading App Sends Ripple's Notorious XRP Community an Official Apology eToro Crypto Trading App Sends Ripple's Notorious XRP Community an Official Apology Bitcoin's Second Layer Blockchain Tech, the Lightning Network, Not Ready for Mainstream Use Yet Bitcoin's Second Layer Blockchain Tech, the Lightning Network, Not Ready for Mainstream Use Yet Ripple CTO David […]

2018-12-14 08:32


Crypto News Recap for Dec 6th – BTC Scammers, Cryptojacking, SWIFT Launch, SEC Peirce on ETF and More [VIDEO]

Bitcoin Scammers Dupe Singapore Crypto Investors With Fake Investment Opportunities Bitcoin Scammers Dupe Singapore Crypto Investors With Fake Investment Opportunities Blackmoon Blockchain Firm Launches Binance ETx Token Based On Binance's Most-Traded Coins Blackmoon Blockchain Firm Launches Binance ETx Token Based On Binance's Most-Traded Coins A.

2018-12-6 23:16


SWIFT Partners With MonetaGO to Bring Blockchain to Indian Banking System

SWIFT has announced a pilot program in partnership with MonetaGo to explore distributed ledger technology in its financial messaging service. The company’s Indian subsidiary will experiment the technology with local customers banks which will use a shared distributed ledger network designed to improve the efficiency and security of their products and procedures as well as to meet.

2018-11-22 12:00


Фото:

Ripple’s CEO Believes That the Blockchain Startup May Topple the Swift Banking Network

Ripple, a global payments network is currently in the process of expanding as they onboard new customers and financial firms. According to Bloomberg’s article published on November 15, 2018, Ripple’s popularity with financial institutions may one day overtake the Society for Worldwide Interbank Financial Telecommunication (SWIFT) banking network, as the blockchain-based company uses newer and […] Ripple’s CEO Believes That the Blockchain Startup May Topple the Swift Banking Network was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-11-15 17:29


РАКИБ поможет Ирану обойти санкции

Российская ассоциация криптоиндустрии и блокчейна (РАКИБ) подписала соглашение о сотрудничестве с Iran Blockchain Labs. Это одна из ведущих экспертных организаций Ирана, которая отвечает за внедрение цифровых технологий в экономику Ирана.

2018-11-15 12:08


Фото:

TransferGo Banks on Ripple’s Blockchain Solutions for Indian Expansion

TransferGo, a digital payments solutions firm headquartered in London has announced that it has extended its remittance services to India. Per a press release published on September 5, 2018, TransferGo will serve its customers in India, enabling swift real-time remittances from “anywhere in Europe” with aid from Ripple’s blockchain solutions.

2018-9-11 21:00


дальше еще 14 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Crypto Fear and Greed Index hits 74: What it means for Bitcoin

The crypto fear and greed index recently hit 74, indicating extreme market greed. Bitcoin miner revenue soared over the past month. The rally that Bitcoin [BTC] saw over the last few weeks, The post Crypto Fear and Greed Index hits 74: What it means for Bitcoin appeared first on AMBCrypto.

Altcoins to triple in value? Analysts predict a breakout!

Altcoin market cap exceeds $1.1 trillion, signaling potential for an ‘altseason.’ Analysts predict a significant surge if resistance levels are broken. The altcoin market, a segment ofteThe post Altcoins to triple in value? Analysts predict a breakout! appeared first on AMBCrypto.

Will Ethereum surge to $4.5K before ETH ETFs go live?

Ethereum's price nears $4,000, influenced by optimism around newly approved ETFs. Market analysts suggest the potential for Ethereum to reach as high as $10,000 in the current cycle. In the The post Will Ethereum surge to $4.