Can Ripple replace SWIFT for making international fund transfers by bank?

3.08K viewsRippleripple XRP

Ripple is working hard to collaborate with banks but can it ever replace SWIFT for international fund transfer?

Changed status to publish

SWIFT is working with more than 11,000 institutions and employs over 2600 people. To capture this market, Ripple will have to 100x. The challenge here is that there is no reason SWIFT couldn’t develop their own blockchain technology and use their already established relationships to roll it out faster than Ripple can grow.

Answered question