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It will be tight for Ripple: SWIFT is working on a payment channel

While the Ripple of the course has seen better times, it is also for the company behind XRP is increasingly tight. Because the competition is not sleeping. By

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It will be tight for Ripple: SWIFT is working on a payment channel

While the Ripple of the course has seen better times, it is also for the company behind XRP is increasingly tight. Because the competition is not sleeping.

By Phillip Horch
10. September 2019BTC$10.187,93 -1.37%part Facebook Twitter LinkedIn xing mail

The crypto-company, Ripple staged a SWIFT, sometimes as a competition. With your XRP tokens and products such as XRapid or the Bank merger RippleNet the California Start-up wants to tap into international payments. But the competition is not sleeping.

So PayTech reported that the telecommunication network SWIFT will now go with an End-to-End payment channel between Europe's borders at the Start. Although the information is not confirmed yet officially. PayTech itself, however, relates to firms, sources close to the. Accordingly, the information on 23 to. September will be made public. This would mean that The largest possible competitor of Ripple is working to make its payment system more efficient.

Just cross-border payments, which can sometimes last for several days, it is mandatory to optimize here. The Tech magazine quoted its anonymous source:

If you send payments from Australia to China, after lunch, you immediately have a delay of 12 hours due to opening Hours.

According to further information, SWIFT is working on an internationally compatible payment system by the year 2022-2023.

Ripple vs Swift vs Bitcoin – Unfair fighting with hard bandages

In the battle for the international money transfer must put on Ripple so hard bandages. Because with xRapid the Blockchain startup wants to conquer-up the international payment traffic. However, SWIFT announced already in the past, the Global Payments Innovation that the air to Ripple already thin be left. More on this here.

a statement of Ripples chief marketing strategist Cory Johnson, Ripple is the better Bitcoin, is hard durable. This is sometimes the different application cases, for which the cryptographic present currencies. But just in terms of decentralization, the Ripple can points System hard to. So critics of the system, CEO Brad Garlinghouse doubt this time and time again, how can the project even be considered as a decentralised call. What Ripple and XRP can, however, points, is the speed of the transactions. More to the topic of Ripple vs Bitcoin can be found here.

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