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Ripple & Swift Going head-to-head to discuss the future of global money transfers
We'll see next month Ripple and Swift in a clash at the 1TC conference in Rust, Germany. The panel that will meet in February will see Marjan Delatinne, the head of the global banking sector of Ripple and Wim Raymaekers, the global leader in the Swift banking market who shares their views on the future of cross-border payments. It will be moderated by Martin Belin, founder and CEO of the Bellin corporate treasury management company.
In recent months, Ripple has made some good moves by acquiring over 200 customers with a number of big names since banking sector. The company has also released its long-awaited xRapid product while working to get more banks in RippleNet and its other xCurrent product.
Such as Ripple has started to make progress, has become a competitor of the popular and award-winning payment system Swift which reported 11,000 customers to its name.
Through its various products and leveraging XRP, the second largest cryptocurrency, Ripple has been able to drastically reduce the time and costs associated with cross-border payments. Ripple's CEO, Brad Garlinghouse, has previously stated that Ripple has a significant advantage and is ready to take control of Swift.
"I think what we are doing and doing on a daily basis is actually taking control of Swift, and we have now registered over 100 banks – some of the largest Swift-enabled banks in the world are now using Ripple technology. "
Meanwhile, fast is working on its own set of improvements to overcome its competitors. However, he continues to believe that "further progress on DLT is needed" before he can support a large, mission-critical global infrastructure, as stated by Swift's research and development manager, Damien Vanderveken.
Swift & # 39; s Former Vs Swift & # 39; s Current
With the value of global cross-border payments in the retail sector expected to reach $ 3.56 trillion over the next 3 years, this debate has immense value.
If you have to believe the word on the streets, this will be an exciting and heated debate where Ripple and Swift It will end up having a real one on one with the other.
What is interesting is Ripple's global banking boss, Marjan Delatinne is a former employee of Swift (Business Development Manager, Payment Market Initiative) who has the XRP community even more excited when he shares such a passionate,
"… Since Marjan came from SWIFT, it would be nice to listen to his perspective on both sides, which is more important to me than a head-to-head discussion .. His logic (which we probably already know) for the passage would be very interesting, listening to it from the horse's mouth, so to speak ".
Regarding the topic of the discussion, it will cover:
"How will technology affect our daily lives as treasurers, with the banking sector challenged by new concepts and ideas?" Consolidated banking structures will be overturned on their heads – SWIFT and Ripple have a look at the future of global transfers of money and propose that their specific concepts are intended to replace all other approaches. "How will the future be?"
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