Swift has redefined their standards document and added new features around payment which we can see in the SWIFT gpi video posted by Swift on 1st March 2018. At the same time, SWIFT has built the API interfaces to be able to plug in Ripple Net for XCurrent or XRapid.
The XCurrent’s Video posted by Ripple seems to have exactly the same features as the SWIFT gpi.
Swift’s GPI vs Ripple’s XCurrent:
The Swift’s GPI and the Ripple’s XCurrent seem to be precisely the same thing. Here are the similarities:
- Faster Payments: Minutes/Seconds
- End to End Messaging
- Track Payments across multiple Banks
- Weeks 4 dots = Weeks/months
- Uses predefined payment rails
TAS Ground and Ripple Partnership
The TasGroup is a payment hub for Europe and they are espousing the benefits of Ripple XCurrent or XRapid in this public document:
Will the partnership between RIPPLE’s XCurrent or XRapid and SWIFT be a boost to the price of XRP? What do you think? Tell us in the comments section below.