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R3 offers no efficiencies over incumbent transfer systems. SWIFT/ACH/etc are far more efficient than R3. R3 seems to be figuring that out, and is rapidly pivoti

R3 offers no efficiencies over incumbent transfer systems. SWIFT/ACH/etc are far more efficient than R3. R3 seems to be figuring that out, and is rapidly pivoting from their original goals (including blockchain)

vonklaus 10y ago
> R3 offers no effeciencies It isn't built yet, but ACH is pretty bad, so I can't imagine R3; regardless of what tech they go with, being worse. It started in 74 so its 4 decades old. I'm not saying you are wrong but I would like a bit more color. I am not excited about R3, bug given the backers (all major banks & payment inst) I assumed it was moving forward & poised to take ach in the next 3-5 years