BLOCKCHAIN • CRYPTOCURRENCY • NARRATIVE JOURNALISM
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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 [...]
The global payment network Swift, one of the main guardians of the current banking model, has announced the testing of a new cross-border settlement system that could give Ripple blockchain startup a run for its money. According to a post published by Financial Times, Swift is making a lot of progress to counter the rapid [...]
The Ripple network now boasts over 150 active financial institutions using xVia, xCurrent or xRapid product to facilitate cross-border settlements. The latest to join RippleNet is one of Asia’s financial giants. CIMB Group is one of the leading financial institutions in Southeast Asia. It is the fifth largest bank in ASEAN by total assets. Ripple [...]
Brad Garlinghouse told Bloomberg in an interview Nov. 13 that Ripple aims to overtake Swift. He reiterated Ripple has no plan whatsoever for a partnership with SWIFT. Also, the Society for Worldwide Financial Telecommunication (SWIFT) refuted claims that it is partnering with Ripple, Finance Magnate reported. A few weeks ago, a rumor had it that [...]
Early this month, Ripple confirmed that they will attend the SIBOs, a SWIFT-sponsored trade show where exhibitors will be able to showcase their financial products. As a result, many speculated that Ripple could enter into a partnership with SWIFT. However, the rumors seem to have disappeared after the first day of the conference. Though Ripple’s [...]
There’re quite a lot of rumors out there regarding the possibility of Ripple working with swift. This buzz around the two cross-border payment service providers has intensified since Ripple’s major partner Banco Santander joined SWIFT. Banco Santander plans to use SWIFT to expand their business into other countries, including the UK, Spain, Poland, and Argentina. [...]
After the Swell Conference 2018, Ripple is looking forward to attending another major event again. This time around, however, the blockchain startup isn’t attending its own event. The payment settlement company is planning to attend a Swift’s Sibo 2018 conference. As the name suggests, the event is hosted by Ripple’s number one competitor SWIFT. Ripple [...]