Ripple May Lose Business if SWIFT Launches its Next Generation Payment Network

2019-2-14 16:20

Society for the Worldwide Interbank Financial Telecommunication, SWIFT is gearing towards picking up the pace set by Ripple Inc, on cross-border payments. Its plan, to launch a global instant payment system will put them on the level to give Ripple a stiff competition or even shove them off the race line.

For quite some time, the telecom giant has been nursing its wound on losing ground to Ripple, though it has not been openly expressed, SWIFT doesn’t want to let Ripple take over the market it has operated in for decades. So the underground work has turned out in the creation of a unique instant cross-border payment system.

SWIFT offers a platform that allows financial institutions globally, to send and receive information about financial transactions in a secure environment. A greater number of interbank transaction messaging is done via the SWIFT network, which enables consumers to identify recipient bank in cross-border payment using the SWIFT identification code.

Due to a lot of issues associated with SWIFT existing network which creates a delay in payment processing, it now considers migrating to a blockchain technology that powers bitcoin. This new generation payment network will improve customers’ experience by increasing the speed and transparency in cross-border payment.

Ripple may likely lose ground from the look of things if SWIFT migrates to a better network, powered by blockchain technology, considering that SWIFT has been in the system longer than Ripple. Majority of the banks across the globe are on SWIFT network but Ripple has just about 200 firms on its network.

The post Ripple May Lose Business if SWIFT Launches its Next Generation Payment Network appeared first on ZyCrypto.

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Источник: zycrypto.com

ripple swift → Результатов: 126


Фото:

Ведущий аналитический центр: Ripple XRP может заменить SWIFT в долгосрочной перспективе

OMFIF, ведущий аналитический центр, заявил, что Ripple XRP может заменить SWIFT в долгосрочной перспективе. OMFIF представляет отчет о технологии блокчейн и преимуществах продуктов Ripple как альтернативы SWIFT.

2020-11-25 15:41


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


SWIFT has too much Control over Payment Transactions – Ripple Sales Director Ross D’Arcy

The power struggle for supremacy between Ripple and SWIFT in the payments industry is in a high trail. In trying to point out why Ripple is superior to SWIFT, the Sales Director of Ripple, Ross D’Arcy says the company (swift) does not put transaction speed as its priority and can influence the output of transactions, unlike […] The post SWIFT has too much Control over Payment Transactions – Ripple Sales Director Ross D’Arcy appeared first on ZyCrypto.

2019-1-19 10:03


Фото:

SWIFT and Ripple Are Not Partnering. They Are Actively Competing Against Each Other

Many users in the crypto community, especially those who are part of the XRP Army, have debated a lot over the last few months about a possible partnership between Ripple and SWIFT. Given the long history of consistent achievements revealed by Ripple in social networks, press releases and events, many consider it a “natural” step […] The post SWIFT and Ripple Are Not Partnering.

2019-1-6 04:47


Ripple Taking Over? CEO Reveals Some Of the Largest Swift Enabled Banks Are Now Using Ripple’s Technology

In a recent interview with Bloomberg, Singapore, Ripple CEO, Brad Garlinghouse stated that most large banks which have been on SWIFT network are signing on with Ripple. This is only an indication that Ripple is taking over the business from the Society For World bank Interbank Financial Telecommunication provider, SWIFT.

2018-11-14 21:34


Фото:

Ripple намерена опередить банковскую систему Swift

Финансовые компании ищут более быстрые и современные технологии, поэтому чаще выбирают Ripple, чем банковскую систему Swift — такое заявление CEO Ripple Брэда Гарлингхауса цитирует Bloomberg.

2018-11-13 16:52


Фото:

Платёжная система SWIFT отвергает интеграцию с Ripple. Что случилось?

Слухи о заключении партнёрских отношений между Ripple и межбанковской платёжной системой SWIFT взбудоражили криптосообщество. Однако Finance Magnates сообщает, что представители последней отвергают связи с компанией Ripple и заявляют, что не собираются работать с их проектом мгновенных платежей xRapid. Ранее ходил...

2018-11-8 19:30


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