The Clearing House, a known Ripple partner company, is working with Wells Fargo on a cross-border payments system

[HAL1000]

https://u.today/ripple-partner-and-wells-fargo-collaborating-on-swift-replacement

The Clearing House, a known Ripple partner company, is working with Wells Fargo on a cross-border payments system, "specifically designed to support digital commerce," that could potentially replace SWIFT.

The system, known as Real Time Payments (RTP) Service, would facilitate the real-time transfer of digital currency between eligible accounts at Wells Fargo. A new Wells Fargo online service agreement has been shared online that details how this project could directly challenge SWIFT's dominance:

[KarmaCoverage]

XRPL is a Distributed Clearinghouse. 

XRP TX fees are the cost of admission. 

Edited March 17, 2022 by KarmaCoverage