Part-Time Chad
Sphinx
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- Jan 5, 2022
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Why do XRP proponents keep claiming that it's going to replace SWIFT for international transfers?
Do they think SWIFT is just going to sit idly by, while they watch another company steal their market share and run them out of business??
No. That's why they recently introduced "SWIFT Go", which can settle international transfers "quickly". How "quickly" is anyone's guess, but it might be fast enough to put up some stiff competition against XRP, making it an uphill battle for it to gain adoption, especially since the whole world already uses SWIFT, and banks will be reluctant to change.
https://www.swift.com/swift-go/en/what/
https://www.finextra.com/blogposting/23715/what-is-swift-go-and-why-is-it-so-innovative
Being an XRP holder myself since 2017, I'm concerned about this. Why does it seem that no one else is? Have they even heard of SWIFT Go?
Please enlighten me, if I'm missing something.
Do they think SWIFT is just going to sit idly by, while they watch another company steal their market share and run them out of business??
No. That's why they recently introduced "SWIFT Go", which can settle international transfers "quickly". How "quickly" is anyone's guess, but it might be fast enough to put up some stiff competition against XRP, making it an uphill battle for it to gain adoption, especially since the whole world already uses SWIFT, and banks will be reluctant to change.
https://www.swift.com/swift-go/en/what/
https://www.finextra.com/blogposting/23715/what-is-swift-go-and-why-is-it-so-innovative
Being an XRP holder myself since 2017, I'm concerned about this. Why does it seem that no one else is? Have they even heard of SWIFT Go?
Please enlighten me, if I'm missing something.
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