SWIFT Embraces XRP’s Playbook: Real-Time Transfers Coming
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SWIFT, the 50-year old financial conglomerate, are dipping their toes into blockchain-based infrastructure. “We’re taking a bold step toward making cross-border payments as seamless as domestic ones”, - read the blog post about SWIFT’s new standard of consumer-originated transactions. https://twitter.com/swiftcommunity/status/2016842721017659493 Aside from recently testing Hedera Hashgraph (HBAR) & Ripple (XRP), SWIFT employed more than 40 banks for the Swift Payments Scheme, the new revolutionary system that’s supposed to make international transactions instant. This enforces a new set of rules for qualified banks & institutions. Do XRP & HBAR Play a Part in SWIFT’s New Scheme? Notably, the implementation of
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