SWIFT is the Society for Worldwide Interbank Financial Telecommunication.
It provides a network that enables financial institutions worldwide to send and receive information about financial transactions in a secure, standardized and reliable environment.
And it just announced a proof-of-concept using DLT (distributed ledger) technology.
Here’s the thing. SWIFT is partnering with R3, an enterprise blockchain software firm.
Said SWIFT:
We are announcing later today a proof-of-concept with the R3 blockchain on trade where you can initiate a payment on the trade platform and then it goes into GPI. We’re exploring interconnectivity with a lot of things and banks have always been a part of that interconnectivity.
Despite what some might consider bearish news for XRP, it popped on the news.
What do you think? Does XRP have a shot at integrating with SWIFT?
or Abra
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