This is the difference between the soft system and the ripple system

SWIFT (Society for Worldwide Interbank Financial Telecommunication) is a global financial communications network that enables banks and financial institutions to exchange financial information and conduct international financial transactions.

- The system is used to exchange financial messages between banks and financial institutions, such as money transfers and payments.

- The system is highly secure and reliable, as financial messages are encrypted and carefully monitored.

Ripple (Ripple) System:

- Ripple is an open-source payment network that enables banks, financial institutions, and users to conduct international financial transactions quickly, securely, and at a low cost.

- The system uses a cryptocurrency called XRP to settle financial transactions.

- The system is characterized by the speed of financial transactions (completed in seconds) and low costs, making it a popular choice for international payments.

The difference between the two systems:

- Purpose: SWIFT is used to exchange financial messages, while Ripple is used to conduct and settle financial transactions.

- Speed: Ripple is much faster than SWIFT, with transactions completed in a few seconds.

- Cost: The Ripple system is less expensive than the soft system.

- Technology: The soft system relies on older technology, while the Ripple system relies on modern blockchain technology. $XRP