Why SWIFT Believes It’s Catching Up with Ripple within the Race for Speed
SWIFT says it isn't scared of blockchain.
Yes, despite all the articles proclaiming that the likes of Ripple would disrupt banking and build cross-border payments delightfully quick and low cost, the Society for Worldwide Interbank money Communication
(SWIFT) has been step by step overhauling its network over the past few years.
However, even supposing the event of SWIFT's gpi (global payments innovation) system has accelerated and reinforced its protocol, there area unit still queries on whether or not this can be enough to
make it as fast and as economical as blockchain-based payment protocols.