Guest Posted September 15, 2018 Share Posted September 15, 2018 (edited) https://ripplecoinnews.com/will-ripple-replace-swift-an-experts-take I found this an interesting take one reason being that I am one of the believers that a swift and ripple alliance is on the horizon. I have quoted the part of the article that leads me to believe this will come to past. SWIFT will not be able to come up with the technology to compete with Ripple as the movement of Xrapid once it is established in a production environment as being what it says it is will be SWIFT to use the term loosely. Like the author points out there will be coexistence for a while but resistance will be futile. Ripple has the tech and SWIFT has the clients that need the tech it can either be a marriage made in heaven or a hostile take over. The lines have been drawn and the forces have surrounded the castle. "SWIFT–as long as it improves speed, remains a messaging service while Ripple rides on blockchain technology. With this innovative technology at its disposal, SWIFT will never eliminate the need of nostro accounts and instantaneous settlement. To succeed, SWIFT should invest and create their own blockchain technology—an expensive task which will take time before it is perfected. If Ripple deploys XRapid to as many financial entities as possible, we will be witnessing a real revolution in years to come. It will be an intense battle but in such battles often technology reigns supreme. Therefore, unless SWIFT shape in and innovate, it will be rendered obsolete by Ripple." Edited September 15, 2018 by Guest Link to comment Share on other sites More sharing options...
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