Ripple (XRPUSD)

[europa7]

SWIFT's Battle For International Payments
https://www.forbes.com/sites/francescoppola/2019/07/16/swifts-battle-for-international-payments/#50120446758e

Is this Swift's answer to Ripple?
https://www.americanbanker.com/news/is-this-swifts-answer-to-ripple

"...Perhaps the most useful thing that disruptive technologies such as cryptocurrencies have done is to kick existing payments providers out of their complacency. Two days after Facebook announced its One Cryptocurrency To Rule Them All, the international messaging service SWIFT announced its own plan for world domination. According to its press release:

SWIFT’s aim is simple: to make cross-border payments real-time, 24/7 and as seamless, convenient, cost-efficient and accessible as domestic payments..."

"...SWIFT is nothing if not ruthless. Two years ago, it ripped the heart out of Ripple’s instantaneous international payments offering with its Global Payments Initiative (GPI).

SWIFT counts among its members (and owners – SWIFT is a cooperative) most of the world’s major banks. Inevitably, they adopted GPI: within a year, 160 banks were using GPI, and Ripple was struggling to find a reason to live.

Ripple’s responded by adopting the cryptocurrency XRP as an international payment “standard” and focusing on app-based retail payments through its partner banks.

But now, SWIFT is after that market too. SWIFT states categorically that by 2020, GPI will be the standard for all cross-border payments..."