Ripple Global Banking Director: Ripple and Swift are not competitors, they can complement each other

Ripple's global banking director, Marjan Delatinne, said at a recent global blockchain summit about Ripple's partnership with MoneyGram: "MoneyGram is one of the world's largest payment service providers, and its distribution in the remittance business is very broad. More important It will use one of our key products, xRapid, to transfer funds.” Delatinne said: “We don’t talk enough about liquidity, and that’s where the real cost of cross-border payments is. Today, banks around the world They have trillions of dollars in deposits in pre-saving accounts to ensure that the value exchange of the corresponding banking system is going on. In the use case around xRapid, we are not using funds, but coordinating the messaging and value itself. xRapid Committed to finding on-demand liquidity.” She added that banks and other financial institutions are using outdated systems, but are also eager to seek change in order to gain a competitive advantage in fast-growing industries. Speaking of Swift, Delatinne said: "Ripple and Swift are not competitors, Swift has its own value, I think we can complement each other. Or that sentence: know what is best for the community, and how to use both at the same time ""