Financial network Swift has announced that it is launching the gpi-automated instant-border payments in Australia, thereby competing with Ripple, whose instruments bloccano widely accepted in the region and beyond. Now the company begins testing a new service, much like the Ripple tools. Among the promises Swift transfer of funds received after normal hours of service.
The latest development, as explained by managing Director of Swift in the Asia-Pacific region Eddie Haddad, is to divert the banks from cross-border investments in the latest tools, because they can rely on Swift gpi.
Ripple launched its office in the Asia-Pacific region, about in 2015, to meet the need of FINTECH companies in the Protocol of calculations in real time. Since the launch, the project has secured well-known partnerships in the region, and does not intend to take the position.
Among the banks, who are struggling Ripple (XRP) and Swift, the Thai Siam commercial Bank (SCB), which has invested in Ripple using Digital Ventures, as well as Standard Chartered Bank, which is also included in the list of firms seeking to expand the network of RippleNet in many countries. Swift previously held seminars with the world’s leading banks, including United Overseas Bank, Standard Chartered Banks, Siam Commercial Bank, NAB, Kasikornbank, ICBC, DBS, Commonwealth Bank, China Construction Bank, Bank of China, Bangkok Bank and ANZ.
A few days ago, the company Ripple announced that it has entered into 3 partnerships for xRapid, XRP-dependent tool that can increase the introduction of cryptocurrency in the world.
Talk about the rivalry between the Ripple (XRP) and the Swift lot. Even the most recent version of the Swift called the archaic in all cases, with the exception of the recent announcements about updates in the shortest possible time, including even the remittances that are sent outside of working time. However, the tool is tested, no one has yet reported success. At the same time, Santander UK was among the hundreds of banks that tested the instruments Ripple and confirmed increased productivity, resulted in a OnePay FX.
Analysts continue to believe that technology Ripple (XRP) are the perfect replacement for Swift money transfers. However, the status of the token at the moment is not encouraging: the price for the coin XRP at the time of writing is $ 0,32, the decline for the past day about 2.5%. Note, however, that the hard times facing not only XRP but the entire stock market: 8 out of 10 of coins the elite are now in the red zone.
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