What Ripple JUST DID With SWIFT Will Change Everything!

In 2012, the Ripple Network and its cryptocurrency, XRP, were introduced. Ripple has strong relationships with banks and other financial institutions. Its purpose is to operate as a worldwide settlement network to improve infrastructure and services already in place. Keeping in mind the aim of Ripple, it’s easy to see that the San Francisco based payment company Ripple is more of a competitor to established financial infrastructure services such as SWIFT than to other cryptocurrencies.
But SWIFT being the smart one, started working with Ripple. We have talked about the evidence that says Ripple and SWIFT are working together, many times in previous videos. This is going to lead to the global acceptance and implementation of XRP.
Ripple was designed from the very beginning to essentially be a replacement for SWIFT or to otherwise replace the settlement layer between major financial institutions. XRP and Ripple are the settlement layer. XRP is a unique currency, it offers free transactions within seconds. It will be a bridge currency between Central Banks Digital Currencies. SWIFT is writing papers on CBDCs with the help of Ripple partners. Why would SWIFT write the paper with Ripple’s partner because they are already working together. The technology and business consultancy firm Accenture, a Ripple partner, has published a paper with SWIFT on the possibilities for central bank digital currencies (CBDC) payment systems.

#XRP #Ripple

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