Ripple and Swift are not competitors, they can complement each other.

Ripple and Swift are not competitors, they can complement each other.

According to ambcrypto, Ripple's global banking director, Marjan Delatinne, recently talked about Ripple's cooperation with MoneyGram at the global blockchain summit: MoneyGram is one of the world's largest payment service providers, and its distribution in the remittance business is very broad. . More importantly, it will use one of our key products, xRapid, to transfer funds. We don't talk enough about liquidity, and that's where the real cost of cross-border payments is. Today, banks around the world deposit trillions of dollars in pre-savings accounts to ensure that the value exchange of the corresponding banking system is ongoing.

In the use case around xRapid, we did not use funds, but coordinated the messaging and value itself. xRapid is committed to finding on-demand mobility. Banks and other financial institutions are using outdated systems, but are also eager to seek change in order to gain a competitive advantage in fast-growing industries. Ripple and Swift are not competitors, Swift has its own value, and I think we can complement each other. Again, you have to know what is best for the community and how you can use both at the same time.

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Blockchain

Bitcoin's total network computing power plunged 10% every day? That is the lucky value at work.

At the end of 2012, Bitcoin's total network computing power was less than 10T, which is almost one-fifth of the ...

Blockchain

New research: 0.5 Bitcoin can lock most liquidity, payment channel loopholes paralyze Lightning Network

Introduction: Ayelet Mizrah and Aviv Zohar, professors of Hebrew University, jointly published the paper " Conge...

Blockchain

Market Analysis: BTC continues to break through the new high, and the right side will appear to accelerate the market?

Author | Hash sent analysis team The bears are snoring tonight! 5 large amount of money market fermentation on the ro...

Blockchain

It is said that many people do not buy bitcoin because of them?

For what reason did you choose to ignore Bitcoin because it was too late to know that Bitcoin was too expensive, or b...

Market

35 days rose 113%! Can Bitcoin break through the $10,000 mark and can still get on the bus?

Bitcoin broke another $10,000! OKEx data shows that as of press time, the price of bitcoin is 10842.95 US dollars, an...

Blockchain

Revisiting 2020, Bitcoin wants to say

Editor's Note: This article has been deleted without altering the author's original intention. According to...