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Is there room for Ripple to enter abroad market like Japan?

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https://toyokeizai.net/articles/-/7511

I saw interview of Swift 's CEO in Japanese article on the URL above.

Quote

SWIFTがヨーロッパ発祥なので、欧州と発展途上国を中心に50カ国以上の中央銀行からRTGS(即時グロス決済)のシステムの運営を委託されている。Fed(米国連邦準備銀行)と日本銀行はRTGSでは採用していない。米国内では民間の大口決済では採用されている。日本銀行は標準化したメッセージフォーマットISO20020のみの採用となっている。

(translation)

Since SWIFT originated in Europe, it is entrusted with the operation of RTGS (Real-Time Gross Settlement) system from central banks in more than 50 countries, mainly in Europe and developing countries. Fed (Federal Reserve Bank of America) and the Bank of Japan are not adopted by RTGS. It is adopted in the private major settlement within the United States. The Bank of Japan adopted only the standardized message format ISO 20020.

In Japan probably SWIFT 's power is weak so SBI was able to make consortium and enter.

But Money tap, app of SBI consortium, will not be able to connect to ATM yet in Japan.

In the system of RTGS (Real-Time Gross Settlement), banking networks of each country and ATM network are connected to settlement infrastructure.

SWIFT seems to have RTGS in more than 50 countries around the world.

Is there room for Ripple to enter abroad market like Japan?

 

 

Edited by jabit

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1 hour ago, jabit said:

https://toyokeizai.net/articles/-/7511

I saw interview of Swift 's CEO in Japanese article on the URL above.

In Japan probably SWIFT 's power is weak so SBI was able to make consortium and enter.

But Money tap, app of SBI consortium, will not be able to connect to ATM yet in Japan.

In the system of RTGS (Real-Time Gross Settlement), banking networks of each country and ATM network are connected to settlement infrastructure.

SWIFT seems to have RTGS in more than 50 countries around the world.

Is there room for Ripple to enter abroad market like Japan?

 

 

Yup, there is. What would prevent them? 

Edited by LordVetinari

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6 hours ago, jabit said:

https://toyokeizai.net/articles/-/7511

I saw interview of Swift 's CEO in Japanese article on the URL above.

In Japan probably SWIFT 's power is weak so SBI was able to make consortium and enter.

But Money tap, app of SBI consortium, will not be able to connect to ATM yet in Japan.

In the system of RTGS (Real-Time Gross Settlement), banking networks of each country and ATM network are connected to settlement infrastructure.

SWIFT seems to have RTGS in more than 50 countries around the world.

Is there room for Ripple to enter abroad market like Japan?

 

 

Enter it? we own it ?

Ripple World Map

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