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SWIFT Eyes Ripple (XRP) Or HBAR For Fast Inter-Bank Transfers
Tongues were wagging on the financial conglomerate’s blockchain pick to meet the rising demand of instant payments.
With the global financial infrastructure seeking for a revamp to make payments easier & faster, several blockchains have been named as contenders to do the trick. Half a year ago, SWIFT’s Director of Industry Engagement acknowledged that the financial conglomerate is testing HBAR, but Ripple’s XRP Ledger wasn’t out of the question.
What’s Going On Between SWIFT & Ripple (XRP)?
Just a few weeks ago, Ripple’s CEO Brad Garlinghouse stated that Ripple’s technology is ready to compete with SWIFT, potentially bringing XRP to a cross-border payment market worth $155 trillion. Instead of the popular SWIFT & XRP Ledger collaboration narrative, Mr. Garlinghouse was certain that XRP Ledger should replace SWIFT due to the difference in capabilities.