Bitcoin has been outcompeting SWIFT since 2011 when Gox first opened, even with today's so-called "expensive" tx fees, Bitcoin is much much cheaper (and faster to clear) than SWIFT. And more flexible. And uncensorable. And un-confiscable.
tl;dr: SWIFT can never compete, headline fail
Topic: [2017-04-20] Can Blockchain and DLT Solutions Compete with SWIFT? (Read 277 times)
April 20, 2017, 12:48:08 PM
Banks are looking forward to implementing new technologies for changing and improving the existing payment systems.
Qatar Commercial Bank has completed their blockchain-based pilot for international money transfers. Ripplestrives to provide a new DLT solution ambitiously aimed at competing with the world-known system Swift.
Fintech enthusiasts might look forward to the implementation of new solutions which could potentially change the whole payments industry, but there still are a lot of questions about the actual aspects of usage for such solutions.
You can read the full article here: https://coinidol.com/can-dlt-solutions-compete-with-swift/
Qatar Commercial Bank has completed their blockchain-based pilot for international money transfers. Ripplestrives to provide a new DLT solution ambitiously aimed at competing with the world-known system Swift.
Fintech enthusiasts might look forward to the implementation of new solutions which could potentially change the whole payments industry, but there still are a lot of questions about the actual aspects of usage for such solutions.
You can read the full article here: https://coinidol.com/can-dlt-solutions-compete-with-swift/
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