Blockchain

XRP Price Pumps As SWIFT Partners With Ripple Rival R3

The CEO of SWIFT revealed today that the institution is working on a proof-of-concept for integrating blockchain start-up’s R3 trade finance platform with SWIFT’s GPI framework.  Proof-of-Concept Blockchain Integration The Society for Worldwide Interbank Financial Telecommunication (SWIFT) is a global banking payments network. It works with over 11,000 institutions and moves an estimated $ 200 […]

Crypto News

SWIFT Is Trialing a New Payment System to Take on Fintechs and Blockchain Tech

Advertisement The Society for Worldwide Interbank Financial Telecommunication (SWIFT) has announced its decision to launch a pilot Global Payment Initiative (GPI) service which aims to compete with the growing threat of competing blockchain and fintech solutions provided by institutions like Ripple, JP Morgan and Transferwise. Still in its initial stages, the ambitious pilot aims to […]

Crypto News

Ripple CEO Brad Garlinghouse: We’re Not Partnering with SWIFT — We’re Taking Them Over

Advertisement Twitter Facebook LinkedIn Ripple CEO Brad Garlinghouse went on Bloomberg TV for an interview about the usefulness of his company’s technology and told the interviewer that “any digital asset in the long-term is going to be valued based upon the problems it’s solving.” Garlinghouse: SWIFT’s Customers Think Blockchain Has Promise Ripple is widely believed […]

Crypto News

Sanctions Remove Iran from SWIFT, Will it Switch to Crypto as Planned?

Advertisement Twitter Facebook LinkedIn This week, the U.S. officially removed Iran from the Society for Worldwide Interbank Financial Telecommunication (SWIFT) network, disallowing the Central Bank of the Islamic Republic of Iran from working with financial institutions worldwide. Iran could eye a switch to crypto as a response, as it hinted in early 2018. The U.S. […]

Bitcoin

SWIFT Kicks Out Iran – One Of The 3 Cheapest Countries To Mine Bitcoin

The Society For Interbank Financial Telecommunication (SWIFT) has begun blocking access to international transfers for Iranian member banks as new US sanctions take effect. SWIFT: Block Is ‘Regrettable’ As Reuters originally reported, November 10 marks the first day of action which will see financial institutions cut off from SWIFT, which facilitates cross-border payment instructions to […]