HAL1000 Posted July 27, 2021 Share Posted July 27, 2021 (edited) https://www.swift.com/our-solutions/swift-gpi/swift-go https://www.coindesk.com/swift-go-launches-low-cost-network-with-7-major-banks Seven major global banks are live on SWIFT Go, a new service by the global interbank messaging system aiming to offer low-cost, cross-border payments, in a possible threat to the real-time payments network offered by Ripple. SWIFT Go is part of our vision to enable anybody, anywhere, to send money instantly and securely around the world. Stephen Gilderdale, Chief Product Officer, SWIFT Predictability: Payment amount, time, fees and FX rate (if applicable) are known in advance, and senders and receivers can track the payment’s status in real time. Speed: Tighter service levels between banks increase speed, a single payment format increases straight-through processing (STP), and pre-validation removes frictions that cause delays. Easy to use: A simple and streamlined user experience, with data requirements known upfront. Strict network validation provides for easy initiation and processing of SWIFT Go payments. Competitive prices: SWIFT Go provides a framework for competitively priced low-value payments with a payment amount threshold, processing fees agreed upfront, and increased STP. Security: Payments are underpinned by the strong security of the SWIFT network. Edited July 27, 2021 by HAL1000 Link to comment Share on other sites More sharing options...
HAL1000 Posted July 27, 2021 Author Share Posted July 27, 2021 (edited) SORRY FOR THE CLICK BAIT IF YOU WANT TO FEEL BETTER ABOUT ALL THIS, CRYPTO ERI WILL PUT YOU STRAIGHT Edited July 27, 2021 by HAL1000 Scout 1 Link to comment Share on other sites More sharing options...
HAL1000 Posted July 28, 2021 Author Share Posted July 28, 2021 Link to comment Share on other sites More sharing options...
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