SWIFT 2.0? Ripple Signs Major Banks to Blockchain Payments Deal

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....

US Blockchain Company Ripple Raises $55 Mln, Investors Include Major Banks

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SWIFT Unveils Blockchain Ledger: 30+ Global Banks Back Push for 24/7 Cross-Bo...

Payments giant SWIFT is developing a blockchain-based ledger with 30+ top banks and Consensys, aiming to enable 24/7 cross-border payments. SWIFT Is Working With 30+ Global Financial Institutions On A Blockchain Ledger As revealed in a press release, SWIFT is planning to add a blockchain-based ledger to its infrastructure stack, in collaboration with a group […]

SWIFT Is Planning To Launch Its Own Blockchain Amid Trillion-Dollar Battle, B...

SWIFT, the global network that handles most of the world’s cross-border payments, is preparing to launch its own blockchain as rumors about an ongoing payments battle with Ripple circulate. While many often compare SWIFT’s role to Ripple due to its XRP-linked payment solutions, this new plan is not a direct challenge to the fintech company, but rather part of a much larger trillion-dollar race to define the future of digital money. SWIFT Partners With Consensys To Build Blockchain Network According to the announcement, SWIFT is collaborating with Consensys, the Ethereum development company....

Banks Won’t Trust Ripple And XRP, SWIFT CIO Says

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, […]