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That's what SWIFT is. It doesn't settle which is in the banks interest (since they settle the transfers).
by csomar 1y ago
That's what SWIFT is. It doesn't settle which is in the banks interest (since they settle the transfers).
- thatguyagain 1y agoYes, for the settlement, sure. But I was referring to this: "Banks see an opportunity for stablecoins to speed up more routine transactions, such as cross-border payments that can take days in the traditional payments system."
- mousetree 1y agoThere is no settlement in Swift itself as it’s not network. Swift is messaging only. Bank settlements would happen later through networks like SEPA or Fedwire. Ripple provides both messaging and settlement with XRP