Ripple update: Swift’s Sibos Schedule hints at ‘Domestic Partners for cross-border payments in real-time”
The Sibos web site lists the following presentation scheduled for Wednesday at 12:30pm and is located under the ‘Payments tab (link below). The synopsis of this particular presentation clearly states the following – ‘This is why SWIFT recently kicked-off an initiative to explore how gpi payments could be accelerated even further, in particular through the use of domestic instant payments systems to settle the final leg’.
Domestic instant payments systems – has Ripple written all over it (what else can do what Ripple with XRP can do, as officially, for the same cost or better, with a 0% fail rate and with a road map for every singe transaction.
**An opportunity to make cross-border payments real-time**
As evidenced on a daily basis, gpi payments are quick – very quick – typically minutes or even seconds direct to the beneficiary. With more and more countries now offering domestic real-time payments, there is great impetus for global instant cross-border payments. This is why SWIFT recently kicked-off an initiative to explore how gpi payments could be accelerated even further, in particular through the use of domestic instant payments systems to settle the final leg. Join this session to understand the status of our ambition to build a truly global real-time payments experience to the benefit of your retail customers.
12:30SWIFT Hub – Conference room
About Ripple (XRP)
Ripple connects banks, payment providers and digital asset exchanges via RippleNet to provide one frictionless experience to send money globally. Banks and payment providers can use the digital asset XRP to further reduce their costs and access new markets. XRP is the fastest and most scalable digital asset today.
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