SWIFT 2.0? Ripple Signs Major Banks to Blockchain Payments Deal
Today, Ripple announced that they have struck an accord, a first of its kind, with several major banking interests to created the GPSG, or the Global Payments Steering Group. Bitcoin has been the king of digital coins for a long time, and no altcoin has really been able to make a mainstream dent in its domain to this point. Ethereum had its run to start the year, but it devised its own roadblock to success called DAO that it is still trying to recover from. Rather, Ripple has been working in the background quietly, making friends in the banking industry and influencing people to use it for....
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Ripple has formed a six-bank Global Payments Steering Group (GPSG), calling it “the first interbank group for global payments based on distributed financial technology.” A New SWIFT Challenger. Although the announcement does not mention it explicitly, the new network is a potential challenger to SWIFT. First activated in the 1970s, SWIFT is the global....
Thursday, Blockchain company Ripple announced that it had raised $55 mln in funding. Accenture Ventures, SCB Digital Ventures, the venture arm of Siam Commercial Bank and Santander Innoventures are just a few of the investors who participated in the Series B funding. Additionally, Ripple has secured partnerships with major banks, including Standard Chartered, BMO Financial Group, and Shanghai Huarui Bank. In the near future Ripple plans to partner with even more banks, which are planned to use the service it provides to improve cross-border payments. Overall, Ripple has received over $93....
Ripple and XRP were thrust into the spotlight after SWIFT chief innovation officer (CIO) Tom Zschach delivered a pointed critique on LinkedIn—widely read as a jab at the company and its XRP token—over what actually constitutes “resilience” for banks and how institutional trust is earned. The exchange began under a comment praising Ripple’s regulatory endurance, […]
Ripple and SWIFT’s battle for dominance is heating up, with an executive at the latter taking a dig at XRP, the bridge currency for the crypto firm’s payment service. The executive also explained why businesses are unlikely to trust Ripple despite the conclusion of the SEC lawsuit. SWIFT Executive Makes Criticism Against Ripple and XRP […]
Ripple từ lâu đã bày tỏ tham vọng thách thức và cuối cùng thay thế SWIFT như nền tảng cốt lõi của các khoản thanh toán xuyên biên giới toàn cầu. CEO Brad Garlinghouse của Ripple đã công khai chỉ trích sự kém hiệu quả của SWIFT và nhấn mạnh rằng công ty đặt mục […]