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amulecregg

Ripple | Swell 2018: Central Banks Show and Tell (45 min. speech video)

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October 1, 2018

Swell 2018: Central Banks Show and Tell

Quote

(~42:33)

“Hi, my name is Tom Lee. I was really struck by Brad's comments where he said the error rate on SWIFT was almost double digits, and you know, when you think about financial systems and the responsibilities and, you know, the cost of these errors, 'cause right, it could create liquidity problems. How do the central banks grade cross border systems now? Like, I'm just curious, could you tell us, do you like working with SWIFT? And is it state of the art or is it because it's backwards-compatible to the abacus?”

“Ha ha ha”

“Oh, sh*t!”

Link: https://youtu.be/rNUoSxWIvYA

Edited by amulecregg

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