Swift challenges Ripple with instant payments

[Andy_79]

https://www.google.ch/amp/s/dailyhodl.com/2020/04/04/swift-challenges-ripple-visa-and-fintech-startups-develops-instant-payments-system-for-small-to-medium-sized-enterprises/amp/

[LetHerRip]

Oh shiattttt...

[Andy_79]

5 minutes ago, LetHerRip said:

Oh shiattttt...

😄, not too worried 

[Danny]

"SWIFT says it’s looking to become a global leader in account-to-account and business-to-business transactions, taking on credit giants Visa and Mastercard as well as emerging fintech companies like Ripple."

This suggests SWIFT has specifically said it is taking on Ripple. None of the original articles the Daily Hodl is referring to, claims SWIFT has said that though. I'm not sure if ISO 20022 for cross-border payments supports instant settlement, SWIFT's article on https://www.swift.com/standards/iso-20022-programme/timeline does not talk about it. Last but not least, the end-date to enable full ISO 20022 for cross-border payments is November 2025 (!)

Interesting to read:
https://www.finextra.com/blogposting/18607/swifts-major-announcement-slips-under-the-radar

[DirectorCoulson]

Many new competitors showed up during the past two years. 

Its time to get some movement or see xrp fade into an abandoned digital asset de-risked by its creators while drinking coffee with regulators and paying their expensive salaries 

[Flintstone]

3 minutes ago, DirectorCoulson said:

Many new competitors showed up during the past two years. 

Its time to get some movement or see xrp fade into an abandoned digital asset de-risked by its creators while drinking coffee with regulators and paying their expensive salaries 

C’mon Director, keep up. This has nothing to do with XRP. You should know this!

[Frisia]

22 minutes ago, DirectorCoulson said:

Many new competitors showed up during the past two years. 

Give us a few working solutions then but only those that eliminate the need to keep correspondent accounts because that's what it's all about and the main "reason to be" for XRP.

And don't come up with JPM coin pls. Come on you can do it Director!! 

[xerxesramesepolybius]

Doesn’t really sound like SWIFT’s area but you can hardly say they are trying to compete with Ripple when Ripple is still relatively tiny in payments globally.