Feeling Pressure From Ripple? Swift CEO Gottfried Leibbrandt Quits

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Feeling Pressure From Ripple? Swift CEO Gottfried Leibbrandt Quits

Fri Dec 14, 2018 2:48 pm

Society for Worldwide Interbank Financial Telecommunications, SWIFT has made a mark in the global payment system with almost all the banks, payment processing firms and other business in its network.

Its coverage is not limited to the financial sector but other key industries like travel, communications, the technology and more. But the emergence of the blockchain fintech firm Ripple seems to be hampering the operations of the IT giant.

Ripple, like SWIFT, is a real-time settlement system, currency exchange and global network powered by blockchain technology. The two are in the seem kind of business but Ripple seems to be moving faster, gaining more ground and taking over a lot from SWIFT coverage and clientele with better technology. It offers the seem kind of services rendered by SWIFT at a seamless, cheaper and faster rate.

Some months ago, it was rumored that the duo would team up together to build a stronger network but Ripple CEO Brad Garlinghouse confirmed it to be just a speculation, in his interview with Bloomberg, last month


https://zycrypto.com/feeling-pressure-f ... ndt-quits/
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