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, […]
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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 […]
Software engineer Vincent Van Code has declared that Ripple will not be just a regular bank. He also alluded to the Fed Master application as one of the interesting aspects amid the crypto firm’s move to obtain a national trust charter. Why Ripple Won’t Be A Regular Retail-Style Bank Vincent Van Code stated that Ripple […]
SWIFT, the Belgian-based cooperative that serves as an intermediary and settlement executor of financial transactions between banks worldwide is planning to experiment with asset tokenization in 2022. In a blog post about the subject, SWIFT notes that it will be working with firms like Clearstream, Northern Trust, and SETL to explore “the feasibility and benefits” of using SWIFT as an interconnector to tokenization platforms.
Financial Intermediary SWIFT to Be Used as a Tokenization Interconnector
The Society for Worldwide Interbank Financial Telecommunication....
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....