SWIFT Representative Calls Crypto “Useless and Unstable”

The Society for Worldwide Interbank Financial Telecommunications, SWIFT, recently had some harsh words for crypto. Specifically, representatives from SWIFT have reportedly said that crypto is “useless and unstable”. Nonetheless, this comes as crypto is increasingly challenging SWIFT’s dominance on monetary transfers. SWIFT calls crypto “useless” This news was first covered in an FXStreet report on … Continue reading SWIFT Representative Calls Crypto “Useless and Unstable”

ECB Executive Calls Libra A “Wake-Up Call”, Calls For Swift Regulatory Action

A member of the European Central Bank has recently said that European financial regulators should act swiftly regarding Libra. Moreover, Facebook’s crypto is described as a crypto “wake-up call” for regulators and public authorities alike. Libra is a “wake-up call” for regulators This story was first covered by Bloomberg. According to Benoit Coeure, an executive … Continue reading ECB Executive Calls Libra A “Wake-Up Call”, Calls For Swift Regulatory Action

CEO Says Ripple Aims To Take Over SWIFT Banking Network

CEO Says Ripple Aims To Take Over SWIFT Banking Network

The CEO of Ripple Labs INC, Brad Garlinghouse, says that Ripple might take over SWIFT, according to Bloomberg. Ripple VS Swift Ripple Labs INC is a blockchain startup that connects banks and payment providers via RippleNet. It is a platform that provides one frictionless experience for transferring money globally. They are now gaining new customers … Continue reading CEO Says Ripple Aims To Take Over SWIFT Banking Network

Argentinian Bank Dumps SWIFT System For Bitcoin in International Transfers

Not So SWIFT Argentinian Bank Dumps SWIFT System For Bitcoin in International Transfers

Argentinian bank, Banco Masventas, has announced it will begin using Bitcoin instead of the international SWIFT system in order to make international transfers. The move will begin on Monday and is the product of a partnership with start-up company Bitex, also Argentinian. This will mark an industry first, and is potentially hugely significant as it … Continue reading Argentinian Bank Dumps SWIFT System For Bitcoin in International Transfers