SWIFT and Ripple has denied rumors of a collaboration. Between companies brewing war
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Many participants in the community and in particular the fans for several months and discussed a possible partnership between and SWIFT. If you consider all that representatives of the company wrote in press releases and social media, this partnership seems quite natural in the evolution of the world of Finance. However, in October of last year Ethereumworldnews reported that such a scenario is still unlikely, or at least it should not even count in the medium term. Now both companies seem to have decided to dot the i. They never had to deny rumors of a partnership. Yes, companies are working to find new solutions, that's just apart and even in the spirit of competition.
A Couple of weeks ago on the official SWIFT website there was an article that talked about the planned work of the company on the system using the technology of the blockchain. Promise that the GPI system from SWIFT will allow quickly, without problems and significant costs to process interbank payments. Head of international payments at Deutsche Bank Dr. Christoph Hofmann said.
We believe that the service pre-validation gpi (global payment innovation) will provide our customers with great value and overall improve user experience. The audit of the accounts of the beneficiaries solves a very important moment in cross-border payments, which will help to increase the rate of straight through processing while reducing the likelihood of fraud.
To develop their own solutions based on the blockchain SWIFT uses technology Hyperledger. Consequently, the company has absolutely no need of partnership agreements with Ripple.
theSWIFT turned away from Ripple
November 8, 2018, the representative of the Ripple confirmed that although SWIFT is working on related bloccano project Ripple in this company in no way involved.
theI don't know where those rumors come from, but the launch of our new standards is in no way affiliated with RippleNet. Their main goal is to make all payments attended field UETR (Unique End-to-end Transaction), which will allow banks to track payments by GPI in real time.
ripple is not very much and wanted
Cory Johnson also dispelled the rumors. He stated that Ripple intends to introduce a new product that not simply will be the main competitor to the SWIFT system, but in the end her place. This information provided by Stephen DIEP, posting on his Twitter an excerpt from the interview with the chief strategist at Ripple.
Ripple will outshine SWIFT… XRP will be the new digital way of moving values… Now all of our customers still use and SWIFT, and the products of Ripple, so I don't know, will any of them fully to our side. But I'm sure we will have customers who want to use only our product.
— Ripple is meant to replace SWIFT
— the XRP is meant to be a digital way to move value
— All of Ripple's customers are using both Ripple and SWIFTCory Johnson, Ripple
Nov18— Steven Diep (@DiepSanh)
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