Ripple Calls for Cross-Border Payments Overhaul As New Report Shows Extreme Delays on Swift

Currency exchange and remittance network Ripple has stressed the need to overhaul cross-border payments amid a new report that some charities and individuals are getting their cash stuck, thanks to the inefficiency of the centralized bureaucracy. For over four decades, the majority of cross-border settlements handled by financial institutions have been relying on the Society …