ceo swift confirms merger with xrp xrp to 35 000 swift a leading provider of secure financial
messaging services is one of the major players in the traditional and digital financial industry
it's no secret that ripple positions itself as a competitor to swift offering financial
institutions an alternative method of cross-border payments fast transparent and cheap welcome to the
rich club channel if you like this video don't forget to like it and subscribe to the channel
do you think the analysts are right about xrp write the answers in the comments
giving away 500 xrp at the end of the week one random subscriber will receive xrp coins take a
look at the instructions in the comments section all you need to do is write the word xrp watch
the video to the end to like and subscribe there is already a lot of evidence that the company's
efforts on this path are not ignored by major players in the financial world but for now they
are taking an observant position in recent days a wave of rumors about ripple and swift cooperation
has risen again among the xrp community after studying this information we can say
that as far as these cases are concerned this is nothing more than an attempt to wishful thinking
one of them is based on a 2020 video in which former swift employee graham bright assesses the
prospects for cooperation between ripple and swift twitter user at ripple exerpee posted a video on
his page saying that swift would enter the world of cryptocurrencies thanks to a partnership with
the ripple network according to the 2020 video former swift employee graham breit with 20 years
of experience mentioned how swift will change communication in the financial world and ripple
will play a huge role in achieving this goal swift is going all in crypto and they have been tested
hashtag xrp successfully back in 2020. iso 2002 was on the way and it's a game changer for the
financial industry this video was only a personal opinion of graham bright who believes that ripple
solutions will not replace swift but compliment it and that perhaps xrp will move through swift
in a conversation with crypto journalist and influencer leia heilbern graham bright said
however with cryptography we are looking at where swift will have a direct storage system for most
of its payment transactions this new network will provide instant real-time movement of funds and
their visibility so we won't have a situation where banks need to come back to you and say
have my funds arrived it's not like that i don't believe ripple will replace swift ripple is one
of the additional networks that will allow those institutions that need real-time work to use it
we can also see ripple xrp moving across the swift network as a currency he added here is another
tweet that talks about the cooperation between swift and capgemini which in turn where there is
a hint of the latter's cooperation with ripple swift is collaborating with capgenini to use
crypto for cross-border payments capgemini sees ripple and xrp as the solution the world will run
on xrp but as one of the respected members of the xrp community that w conneman noted this article
is not a confirmation that ripple works with swift capgemini implements a lot of crypto dlt
there is no mention of xrp in the document it says that capgemini believes that crypto
will receive up to 45 and in a separate statement ripple is an example no more he further concludes
can swift work with ripple as well sure and for those who exchange messages according to the
iso 2002 standard it will probably work in some way but this article is by no means definitive
hate to be a grinch but this is not confirmation of hashtag ripple working with swift capgemini
implements lots of crypto dlt there is no mention of xrp in the document it is a recognition cbdc
projects like dunbar have swift concerned the basel institute of management has released a
working paper entitled cryptocurrencies in asia and beyond legislation regulation and enforcement
it uses ripple's work with the royal bhutan authority as an example for the release of cbdc
the working paper itself is based on a detailed analysis of how individual countries address legal
regulatory and enforcement issues related to cryptocurrencies and other virtual assets
the analysis is focused on asia although russia and ukraine are mentioned there but is carried
out in the context of global trends in crypto legislation regulation and law enforcement it
explores the most important issues that will shape the policy regarding virtual assets at
the corporate national and international levels among the countries experimenting with cbdc
is the kingdom of bhutan its royal monetary authority rma announced in september 2021 that it
was cooperating with the american company ripple labs in creating a national digital currency
the digital engultum one of the goals is for simpler faster and more affordable payments both
domestically and internationally to help achieve financial accessibility for eighty five percent
of the population by twenty twenty three right now thousands of bhutanese citizens do not have access
to a savings account or credit cards according to its annual report for 2021 the rma acknowledged
that even in bhutan citizens are abandoning cash in favor of contactless payment systems
and the use of physical money will continue to decline as technology advances while people are
more inclined to adapt and use cryptocurrencies they exist in an unregulated space and cannot
be controlled by the rma which creates a serious problem a digital engulf remote would provide the
population with a digital solution that can still be monitored and regulated by monetary authorities
another unspoken goal may be to make the large amounts of money transfers that the country
receives easier and cheaper money transfers in 2020 amounted to more than 100 million us dollars
this is almost five percent of the country's gdp of two dollars five billion the basel institute of
management switzerland is an independent international non-profit organization
whose activities are aimed at preventing and combating corruption and other financial crimes
as well as strengthening governance around the world the basel institute is an associated
institute of the university of basel it is an institute of the united nations crime prevention
and criminal justice program network he is known for compiling the basel aml index an annual rating
for measuring and comparing the risks of money laundering and terrorist financing in countries
in particular the document considers the use of cryptocurrencies to circumvent sanctions in russia
where there is a very wise conclusion despite the fact that a decentralized blockchain should be
open and limitless and many users are considered anonymous everything is not as simple as it seems
it is clear that russians have been buying more and more cryptocurrencies in recent weeks but are
they ordinary people or legal entities bypassing sanctions most likely the first one the document
also mentions stellar on the contrary according to the pos protocol which is adopted by stellar dash
eos 1 also known as a validator must show that it has a share in the network in order to update the
distributed ledger the more bets a person has the higher the probability that he will be selected
as a validator the pos protocol saves more time and energy allogrant announced in april 2021 that
its blockchain had accepted a net proof of stake and was completely carbon neutral ethereum plans
to switch from pow to pos consensus by june 2022 the current price of xrp for today you can see
yourself on the screens and the trading volume for 24 hours is one two nine four four three six zero
six five us dollars we are updating our xrp price in us dollars in real time xrp has dropped four
eight percent in the last 24 hours do you think xrp will be able to win the court and restore its
former price write the answers in the comments that's it for today thank you for watching this
video to the end if you liked it then don't forget to like it and subscribe to the channel