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SWIFT: Crypto Useless, ‘Goes Down In Value Like A Yoyo’

News Interbank payments network provider, the Society for Worldwide Interbank Financial Telecommunications (SWIFT), has dismissed cryptocurrencies as being “useless and unstable.” An FXStreet report published on Sept. 10 cites unnamed SWIFT representatives at a London briefing earlier this week, w..

SWIFT Vs. Ripple — The Importance of Speed in Cross-Border Payments

Analysis The emergence of blockchain technology has undoubtedly altered the course of global digital payment development. With the likes of Ripple and Facebook’s Libra challenging the monopoly of banks and other financial institutions, mainstream players like SWIFT, Visa and Mastercard have been f..

SWIFT Catching Up to Ripple in Speed After Instant Remittance Trial

News The Society for Worldwide Interbank Financial Telecommunications (SWIFT) announced a successful trial of instant cross-border transfers in Asia in a press release published on July 18. Fast or FAST enough?Per the release, the trial performed instant payments between 17 banks located in Austra..

Japan Wants to Develop Cross-Border Cryptocurrency Payments Network Similar to SWIFT

Japan is reportedly looking to create an international payment infrastructure for cryptocurrency transactions similar to SWIFT. The project appears to be part of the country’s push toward regularizing the crypto industry but this time, beyond its borders. While details still remain unclear, there a..

G7 Approves Japan’s Cryptocurrency-Based SWIFT Alternative

News The Japanese government is attempting to spearhead the creation of a new, global cryptocurrency payments network that would be similar to SWIFT. Replace SWIFT with a global crypto payments network?Citing an anonymous source, a Reuters report published on July 18 claimed that the country’s pus..

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