Connect with us

Adoption

SWIFT will use XRapid to process payments using XRP. Here is the proof

Published

on

Swift has redefined their standards document and added new features and has built the API interfaces to be able to plug in Ripple Net for XCurrent or XRapid

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:

 

One-pager - TAS Group (2)-001

 

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.

 

Continue Reading
Advertisement Cryptocurrency & Blockchain Domain Names
7 Comments

7 Comments

  1. Pingback: SWIFT will use XRapid to process payments using XRP. Here is the proof – The Coinage Times

  2. Pingback: SWIFT will use XRapid to process payments using XRP. Here is the proof - Satoshiuncle

  3. rus52782

    October 1, 2018 at 8:08 am

    They are different technologies. Swift GPI is an upgrade to the existing swift system, it does not source liquidity via XRP and you still need money tied up in nostro, similar to Ripple’s XCurrent. The risk adverse that do not like change will stick with SWIFT and upgrade while keeping an eye on how things go with those early adopters that choose Ripple’s XRapid solution. For sure SWIFT will get the largest share of the market to begin with as it is the natural upgrade path for those already on the SWIFT platform, but the cost savings of XRapid will tempt those customers over in the future as long as the experience encountered by the first few is good and lives up to expectations. Being able to pull resources from nostro and use elsewhere is not something they will overlook for long.

  4. Pingback: SWELL proving bearish for XRP? Ripple Price Analysis. | Coin Crypto Rama

  5. Pingback: Ripple Swell Conference 2018: 101, In Depth – Coinance: Bitcoin, Ethereum, Blockchain & Cryptocurrency News

  6. Pingback: SWIFTにxCurrentもしくはxRapid採用の可能性⁇ | コインの森

  7. Pingback: リップル、国立・サンタンデール銀行と業務提携!←SWIFTも 。 | ビットまとめ

Leave a Reply

Your e-mail address will not be published. Required fields are marked *

Adoption

The Amazon of Switzerland: Digitec Galaxus now accepts Bitcoin.

Published

on

The biggest online retailer of Switzerland, Digitec Galaxus has now started to accept bitcoin along with other cryptos as a method of payment.

The biggest online retailer of Switzerland, Digitec Galaxus which is also known as the ‘Amazon of Switzerland’ has now started to accept bitcoin along with other cryptos as a method of payment.

 

Digitec Galaxus accepting cryptocurrency payments:

According to Digitec Galaxus, they were willing to integrate cryptocurrency payments on their platform for a long time. The users will now be able to make their payments using Bitcoin, Bitcoin Cash, Bitcoin SV, Ethereum, Ripple, Binance Coin, Litecoin, Tron, OmiseGo and NEO.

 

According to the Co-Founder Digitec Galaxus, Oliver Herren, Cryptocurrencies such as bitcoin are captivating and could very soon be an important method of payment for all ecommerce stores and they are happy to support it. He also said that people will pay using cryptocurrencies because the ones who own them are willing to use them somewhere, some are not being able to convert them into fiat currency because of banking regulations and others would just like to try latest things.

 

Digitec Galaxus also admitted that by integrating cryptocurrency payments, the company is going to showcase itself as a progressive brand.

 

Partnership with Coinify:

Digitec Galaxus has partnered with a third-party cryptocurrency payment processing company, Coinify. All the payments accepted through cryptocurrencies shall be instantly converted into fiat currency i.e. Swiss Franc. This would ensure that the cryptocurrency market volatility does not create an issue for the company.

Cryptocurrency payment method will be available only for Switzerland based users for now, although, the company plans to integrate the same soon for the users in Germany as well.

Continue Reading

Adoption

VISA getting into Cryptocurreny Space

Published

on

Visa, a multinational financial services corporation has been discussing entering the cryptocurrency space for a long time now.

Visa, a multinational financial services corporation has been discussing entering the cryptocurrency space for a long time now. It seems that time has finally come. Visa has recently posted a job opening on Smart Recruiters which is subjected as ‘Technical Project Manager, Visa Fintech’.

 

The Job Description reads as follows:

“Are you passionate about the intersection of payments and cryptocurrency? Are you deeply familiar with permissionless blockchain technology and have a close network of experts in the fast-moving cryptocurrency and fintech ecosystem? Are you excited about the challenge of developing new products for Visa to deliver value to fintechs looking to support cryptocurrencies?

As a product manager on the Visa Crypto team, this person will have responsibility for executing Visa’s product strategy within the cryptocurrency ecosystem. This highly motivated individual will be responsible for managing a product roadmap and collaborating with key stakeholders across the strategy, risk, research, and engineering organizations. This individual will work in close collaboration with the Visa Research team to develop new products to deliver value to fintechs and Visa. This person should have great problem-solving skills and creativity to find new opportunities and anticipate how cryptocurrencies could impact payments.

This person will be based out of our Palo Alto office and report to the Head of Crypto within Visa’s Fintech Product group”.

 

VISA CEO on Cryptocurrency:

In January last year, Alfred F.Kelly Jr, the CEO of Visa had clearly mentioned that their company will not process any cryptocurrency transactions and will only deal with fiat based transactions.

As more and more large financial institutions such as JP Morgan and IBM are entering into the cryptocurrency and blockchain space, others are willing to follow before it is too late. Not only financial institutions but large technological giants such as Facebook are also about to enter the cryptocurrency space.

Continue Reading

#Blockchain

Adoption: Courts in France adopt blockchain technology

Published

on

The NCC or National Council of Clerks of France have finally tested a blockchain technology-based solution for the courts of the country.

The NCC or National Council of Clerks of France recently made an announcement that they have finally tested a blockchain technology-based solution for the courts and are now prepared to launch it throughout France. The National Council of Clerks is a representation of the clerks of the corporate and commercial registry in around a hundred thirty-hour workplaces in France. The workplaces depend upon one another for sharing important data.

 

The goal of NCC France

The NCC is determined to streamline and position the latest information technology that capitulates something that is known as ‘the single version of the truth’. The data tracks an organization’s growth, dissolution, change of location etc. The sharing of data amongst each other was earlier a big challenge for the NCC.

 

The project based on blockchain technology had an aim of rapid cycle times and precision of information. In the pilot phase of the project, the National Council of Clerks in France was able to lessen the timing of registry operation involving a lot of days to just one day.

 

According to the president of France National Council of Clerks, Sophie Jonval, the project based on blockchain technology is an outcome of the partnership with IBM. IBM who is already an expert in blockchain technology and cryptography has been serving as a technological partner.

 

According to the NCC, the project shall be rolled out in the 1st half of 2019 and the project shall ensure a transparent and improved dynamics of the interactions between the clerks.

Continue Reading

Keep up with Bitcoin & Blockchain Technology Trends

Simply enter your email address in the box below and sign up for emails from Coinnounce regarding trending cryptocurrency, bitcoin & blockchain topics and offers.

This information will never be shared with third parties.