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Ripple price recover SWIFT is dominant, moves $300 billion a day Participation levels low, likely to rise as XRP prices edge higher. SWIFT partnership with Ripple in an arrangement that incorporates xRapid will cause XRP prices to explode. All the same, SWIFT is confident that they are dominant...
Ripple price cool off after yesterday’s eruption SWIFT using XRP unlikely even after Corda test phase Bull momentum building up as transactional volumes increase After impressive gains, candlestick arrangement supports XRP bulls. To that end we expect bull momentum to build up as uncertainty around SWIFT using XRP...
Ripple price surge 10 percent SWIFT GPI Link proof of concept with R3’s Corda Transactional volumes picking up, spikes above averages SBI Holdings may be behind an audacious plan of integrating SWIFT GPI with RippleNet via R3’s Corda Settler. The latter use XRP, and if that is the...
SWIFT, the global messaging system to settle cross border payments, today announced that it would link R3’s open source blockchain solution at a proof-of-concept stage. “Later today we are announcing integration with R3,” confirmed SWIFT’s CEO Gottfried Leibbrandt during the Paris Fintech Forum. He added that the trial would...
As the crippling US government shutdown rolls into its fifth week major crypto exchanges are looking at alternative markets. They don’t come much bigger than Coinbase which has just expanded trading options for big traders in Europe and Asia. High Volume Traders Only The new options are not...
SWIFT has announced a pilot program in partnership with MonetaGo to explore distributed ledger technology in its financial messaging service. The company’s Indian subsidiary will experiment the technology with local customers banks which will use a shared distributed ledger network designed to improve the efficiency and security of their...
Speaking at the Singapore Fintech Festival this week International Monetary Fund head, Christine Lagarde, said that governments and central banks should work towards setting up their own digital currencies. Centralization, Control and Regulation Recommended She added that a central bank regulated system could become the starting point for...
Global provider of secure financial messaging services, SWIFT, has ousted the Central Bank of Iran (CBI) from its financial banking system. The US-led sanctions will make it difficult for Iran to settle its international deals. In response, the authorities in Iran have accelerated the development of their state-backed...
A Ripple Executive has downplayed the cost-savings of blockchain technology over traditional banking arguing that growth is a stronger message for attracting business clients, including banks. Blockchain: Next Evolution of the Internet Danny Aranda, Managing Director of Strategic Growth at Ripple, discussed how the firm attracts banks to...
The world of finance is primed to undergo some big changes. Cross-border transactions need to become cheaper, more efficient, and more accessible. Checking all of these boxes won’t be easy. Swift and Ripple are directly competing in this regard, which has some interesting consequences. The Current Swift Situation...
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