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Could Ripple's XRP replace correspondent banks? This bank says yes

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6 minutes ago, Tinyaccount said:

Also significant is the fact that this arose out of a Swell invitation.  Those who were dissspointed by ‘non event’ Swell conference should realise that the deals going on in the background are the important part.  

2017 Swell at that.  This was an extremely well-written article.  Thanks for sharing.  

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51 minutes ago, Tinyaccount said:

Also significant is the fact that this arose out of a Swell invitation.  Those who were dissspointed by ‘non event’ Swell conference should realise that the deals going on in the background are the important part.  

Sorry, I didn't have my reading glasses with me.

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“That visibility is so important,” Bright said.

In contrast, in an interview on Jan. 4, he noted that his bank had sent a payment instruction to another bank on Dec. 29 across the Swift network and still didn’t know where it was.

“It was lost somewhere in the quagmire of a central organization and we have no visibility on where it is,” said Bright, who worked at Swift for 20 years. All the counterparty says is, " 'We’ve not received your message.' ”

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Found it!

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