SWIFT Embraces Blockchain, Introduces New Electronic Payment System to Reduce Delays And Knockout Ripple

[DividendGamer]

Just saw this and wanted to make sure more people were aware of it.

 

https://www.google.com/amp/s/zycrypto.com/swift-embraces-blockchain-introduces-new-electronic-payment-system-to-reduce-delays-and-knockout-ripple/amp/

 

[Guest]

Knockout Ripple? With an electronic payment system?

Someone hasn't been doing his research.

[Zerp_Legend]

Swift is helping ripple by making their system better / more accessible 

and Corda + ripple = swift killer 

[peanut56]

Sounds like an Xcurrent competitor. I heard they were working on this, however it still does not free Nastro accounts. It also doesn't seem to have a plan for a neutral international liquidity asset. So yes it is competition. Will it out perform ripple? It is a possibility in the sense that if it works so much better than Xcurrent then ripple as a company could go bankrupt. However, it may be to late. This scenario is why ripple holds so much XRP; a way to weather the storm. 

Edited December 5, 2018 by peanut56

[Guest]

Just now, peanut56 said:

Sounds like an Xcurrent competitor. I heard they were working on this, however it still does not free Nastro accounts. It also doesn't seem to have a plan for a neutral international liquidity asset. So yes it is competition, will it know out ripple. It is a possibility in the sense that if it works so much better than Xcurrent then ripple as a company could go bankrupt. However, it may be to late. This scenario is why ripple holds so much XRP; a way to weather the storm. 

PayPal is an electronic payment system. Is that competition?

[mandelbaum]

It´s electronic? Wow.

[peanut56]

I don't know if you were referring to me or not. In a way everything involved with payments can be competition, however it can also be complementary.

[scoobysi]

6 minutes ago, peanut56 said:

It is a possibility in the sense that if it works so much better than Xcurrent then ripple as a company could go bankrupt.

At the risk of giving it too large like the cocky CEOs we love to laugh at, it would take waaaay more than that to send Ripple anywhere near a cash flow that could even snigger in bankruptcies direction?

[Guest]

Anything with the word Electronic in its name is harking back to mechanical days.  

This sounds like a faster horse that eats less.

[Guest]

11 minutes ago, peanut56 said:

I don't know if you were referring to me or not. In a way everything involved with payments can be competition, however it can also be complementary.

It's rather the journalist that I am referring to.

xCurrent is a messaging system. PayPal is a payment system. This article is garbage.

[Uloveme]

https://www.swift.com/news-events/news/14-major-banks-join-swift-gpi-pre-validation-pilot-focused-on-error-detection

When looking at the news from Swift themselves I really don't see how this ever could be a threat to xRapid.
Again,  FUD articles spreading bull shat.

The timing is also too perfect with the R3 announcement. Tell me I am crazy, but this is just some desperate way to cause FUD for XRP. They are losing and they can't stop it. Just quit.

Edited December 5, 2018 by Uloveme

[Trickery]

I'm gonna duct tape a camera to my phone to make a smartphone 

 

[peanut56]

    So this is the only thing I saw. From the above article that could be a concern. Than the question is, what is the implementation process? "Next year, the gpi pre-validation service will be complemented by a new investigation and reconciliation service that will facilitate the settlement of any remaining payment inquiries and investigations."

Sounds the old horse is being juiced. Once that happens it's only a matter of time until it wakes up one day and can't walk. Then it must be put down for humane reason. I say when its time, put in a pasture and let graze so it can enjoy its retirement.

Edited December 5, 2018 by peanut56
my english and typing skills are horrible.

[Roaring_Twenties]

Electronic Blockchain-based Payment System.

I don’t know… I’m not the sharpest tool in our crypto shed.  I see all the great talent Ripple has moving cross-border payments into the bleeding edge of technology and proven performance, and I just don’t feel threatened by news of SWIFT rolling out an ‘electronic blockchain-based payment system’.  Maybe if the article included the performance aspects and compared SWIFT’s new system to RippleNet with XRP in terms of access, speed, certainty and cost; then it could mean something.  But an article that says they rolled out a new system and doesn’t do the performance comparison doesn’t come across to me as being upfront and well-informed. 

For me, the article comes across as SWIFT is responding with a little fear and perhaps desperation.  I would be just as impressed if SWIFT would have launched a Super High Intensity Transfer System for cross-border payments.  At least then they’d have a system with an acronym everyone could remember.

[btemtd]

dudes its hyper ledger

 

Difference between Hyperledger and Ripple

• There is no currency for Hyperledger, but Ripple has XRP currency.
• The governance of Hyperledger is Linux Foundation and Ripple Labs of Ripple.
• The state of Hyperledger is key-value database, but there is no state for Ripple.
• The platform for Hyperledger is General purpose Blockchain and Payments Blockchain of Ripple.
• The consensus algorithm used in Hyperledger is pluggable PBFT and Ripple use Ripple protocol.
• Hyperldger uses private network and Ripple uses public network.
• Ripple is proved to be the best cryptocurrency of 2018 . It is one of those companies that are regularly updating their blockchain for the mutual benefit of the investors. Hyperledger has announced that the Ripple is among those companies that have joined its Blockchain Consortium.

To know more about Hyperledger you can watch below shared videolink :

https://qr.ae/TUtsfD