Tag: SWIFT
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SWIFT CEO Gottfried Leibbrandt, To Step Down Next June After Seven Years Of Disrupting Global Banking – Ripple Reports The System’s Flaws
Well, this might be the best news Ripple fans receive these days, and probably the whole community of crypto and blockchain enthusiasts will be celebrating. They may see this as a defeat of the traditional financial system. But the reasons that triggered it are quite interesting to note. “Gottfried Leibbrandt will step down next June…
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Ripple Says The Industry Needs XRP, Following Latest Reports Showing Massive SWIFT Delays & Errors For Cross-Border Payments
Another day, another move in the Ripple vs. SWIFT competition. Now, it was Ripple’s turn to make a move and claim why it’s better than SWIFT. Ripple vs. SWIFT Ripple explains that a new report on extended payment delays and errors in the traditional global payments network SWIFT shows the great importance of cryptos, especially…
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SWIFT Competes With Ripple Using A New Cross-Border Payment System That Could Eliminate Delays & Errors
The global payments network, Society for Worldwide Interbank Financial Telecommunication (SWIFT) seems to launch a challenge for Ripple these days. Challenging Ripple They are currently testing a new payment system that’s designed to counter Ripple and more similar emerging cross-border payment startups. Financial Times reported that SWIFT is currently piloting a brand new system that’s…
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Ripple Board Member Susan Athey Talks RippleNet, SWIFT, Blockchain And The Future Of Crypto
Susan Athey is a Ripple board member, Stanford professor, and economist. In a brand new speech, she analyzed banks, Bitcoin, blockchain and RippleNet and their mechanisms. According to her, the peer-to-peer nature of the blockchain technology and the cryptos has the massive potential of freeing people and businesses as well from expensive fees and all…
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SWIFT Denies Ripple-Related Rumors Claiming That The Platform Would Integrate Ripple’s Products
Rumors that a potential partnership between the two competitors Ripple and SWIFT is in the cards have eventually come to an end. The global payments network SWIFT denied some of the latest rumors that have been floating in the cryptosphere claiming that they plan to integrate Ripple’s solutions for cross-border payments. SWIFT is updating protocol standards…
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Ripple Shuts Down Rumors Regarding Potential Partnership With SWIFT
Ripple revealed earlier this month that the company plans to participate at the Society for Worldwide Interbank Financial Telecommunication’s annual conference aka SIBOS. The announcement triggered various rumors that started to float all over the cryptosphere claiming that Ripple will definitely consider teaming up with SWIFT sometime in the near future. Ripple to team up…
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Ripple’s Tech Advancements Could Replace The SWIFT Platform
The emerging blockchains and the latest technology in the financial world could mean the end of traditional platforms such as SWIFT. The Society for Worldwide Interbank Financial Telecommunication or SWIFT has been around and approximately the same for more than 40 years. It was created in Brussels, Belgium in 1973. The technology facilitates cross-border transactions,…
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Ripple (XRP) or SWIFT: Which Platform for Cross-Border Transactions is the Best?
Looking at the new platforms and with all the blockchain-based solutions, one can only wonder if this caused SWIFT’s demise. It is indeed an outdated and archaic platform that must be replaced by another one that can better assist todays’ cross-border transactions. SWIFT, or also known as the Society for Worldwide Interbank Financial Telecommunication was…
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Cryptos Outperform Traditional Banking: German Bank Bitbond prefers Bitcoin over SWIFT
It seems that thanks to fast transactions and low fees, cryptocurrencies managed to outperform traditional banking. Bitbond is an online German bank that sees the future of cryptos as bright as possible. They are currently using Bitcoin for international payments, ditching the SWIFT services. SWIFT is a messaging platform that is used by financial institutions…