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SWIFT is not using XRP on Corda Settler, says R3 founder

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Posted (edited)
59 minutes ago, lucky said:

What SWIFT wants is irrelevant. Consumers and business want / need instant global payments, low fees, and simple API, and will move their payments to a platform that provides that. Whether banks will participate in this platform, built with modern technology, or stick to the old boys horse, buggy and middlemen (and go out of business), is their choice, not SWIFT’s.

Spot on, but rather than recognise that they have to change the big banks will go on trying to encourage their customers to continue to use their slow expensive (profitable) methods.  Just like the Post Office wanted their customers to continue to use letters rather than email.  No postal service ever embraced or invested in email. How could they make that transition?

Edited by Julian_Williams

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