Payment system SWIFT rejects integration with Ripple. What happened?

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2018-11-09 03:30:08

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Payment system SWIFT rejects integration with Ripple. What happened?

The Rumors about the conclusion of the partnership between and the interbank payment system SWIFT stirred cryptologist. However, Finance Magnates reported that representatives reject the last of the Ripple and say they are not going to work with their project and instant payments . Earlier there was a rumor that the integration with SWIFT will make the company's payment solutions Ripple available for thousands of clients.

Moreover, cryptologist criticized the SWIFT network for the slow and cumbersome system for payments. That is why SWIFT has initiated the modernization of the GPI (Global Payments Innovation). Perhaps because of this, the community Ripple suggested that the payment network can learn from the innovation and technology of cryptocurrency platform. However, SWIFT has denied the rumors. It is reported that the update of the GPI will involve different approaches to modernization. Head of the Department of banking SWIFT Harry Newman commented.

For anybody not a secret that the system of correspondent accounts – model 1998, and we now can upgrade it.

According Cryptovest, update, GPI was scheduled for 18 November, which has spurred the growth of token XPR. Digital asset XRP, which is expected to be in some payment systems, Ripple, managed to escape from stagnation and quickly overtake the Ethereum capitalization on CoinMarketCap, then the asset is again down to the 3 spot.

The XRP gained more than 20% and crossed the mark of 0.54 dollar. The coin is now experiencing a small correction, and the price is 51 cents. Total market capitalization is in the range of 20.7 billion dollars. The community still harbors hopes, periodically urging . Earlier sounded assumption that XRP can accept the entire volume of payment transactions, the SWIFT network.

Skeptics do not believe that it is possible in the foreseeable future. Besides, there is always a chance that XRP and do not need to conduct transactions inside the largest interbank network. More data to search for .

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