XRP AND XLM CAN REPLACE THE SWIFT SYSTEM🔥🎯
Here’s why XRP and XLM could replace the SWIFT system:
XRP and XLM could replace the SWIFT system due to several fundamental characteristics. First of all, the transaction speed with XRP is just a few seconds (3-5 seconds), while SWIFT takes days to complete international payments, thus significantly improving the efficiency of global money flow. Secondly, the operational costs with XRP are extremely low, with fees of fractions of a cent, compared to the high costs of SWIFT transactions that can reach tens of dollars.
XRP is designed as a neutral bridge asset that facilitates the conversion between different fiat currencies without the need for large foreign currency reserves, freeing up capital and reducing intermediaries. This improves efficiency and decreases the time and costs associated with intermediary steps. Additionally, XRP's blockchain technology offers greater transparency, security, and traceability compared to the centralized SWIFT system.
XLM, similar to XRP, shares these technical characteristics of speed, efficiency, and low costs, and is also designed to facilitate digital cross-border payments in a more direct and decentralized manner.
These innovations place XRP and XLM in a favorable position to replace or integrate with SWIFT, revolutionizing international payments with more modern and efficient solutions.
This is why many banks and financial institutions are already considering the adoption of XRP or XLM in their global payment operations.
Even Andre Casterman, former specialist in SWIFT interbank technology, confirms the future role of XRP and XLM.
#xrp #XLM
Here’s why XRP and XLM could replace the SWIFT system:
XRP and XLM could replace the SWIFT system due to several fundamental characteristics. First of all, the transaction speed with XRP is just a few seconds (3-5 seconds), while SWIFT takes days to complete international payments, thus significantly improving the efficiency of global money flow. Secondly, the operational costs with XRP are extremely low, with fees of fractions of a cent, compared to the high costs of SWIFT transactions that can reach tens of dollars.
XRP is designed as a neutral bridge asset that facilitates the conversion between different fiat currencies without the need for large foreign currency reserves, freeing up capital and reducing intermediaries. This improves efficiency and decreases the time and costs associated with intermediary steps. Additionally, XRP's blockchain technology offers greater transparency, security, and traceability compared to the centralized SWIFT system.
XLM, similar to XRP, shares these technical characteristics of speed, efficiency, and low costs, and is also designed to facilitate digital cross-border payments in a more direct and decentralized manner.
These innovations place XRP and XLM in a favorable position to replace or integrate with SWIFT, revolutionizing international payments with more modern and efficient solutions.
This is why many banks and financial institutions are already considering the adoption of XRP or XLM in their global payment operations.
Even Andre Casterman, former specialist in SWIFT interbank technology, confirms the future role of XRP and XLM.
#xrp #XLM
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
XRP
3.0351
-0.85%
XLM
0.4087
-2.13%