Ripple Labs CEO Brad Garlinghouse has had many opportunities lately to introduce his company to important people. For instance, Garlinghouse recently talked to Christine Lagarde, Managing Director of the International Monetary Fund. Lagarde had previously confirmed that “cryptocurrencies are obviously shaking the world.”
As previously reported, Garlinghouse recently participated in a meeting of the Swiss National Bank. He talked about the basic structure of the ripple solutions and the resulting benefits for the banking industry. According to reports, his speech was well received there. This is not surprising, as both private banks and central banks around the world are increasingly open to blockchain technology. They want to save costs and increase their effectiveness.
Ripple XCurrent as Swift 2.0
Particularly catchy is that Garlinghouse calls the ripple solution xCurrent “Swift 2.0”. The banks have been using the old-established Swift system to move money across borders. The system looks outdated and dusty. This is especially true when compared to today's Blockchain solutions. That's exactly what Garlinghouse suggests when he presents xCurrent as “the new Swift.”
Ripple Labs is above all a matter of action. For example, the company recently opened a new payment corridor between Saudi Arabia and India. The transaction time for remittances between the two countries has dropped to an impressive 3 minutes.
Ripple's success is also reflected in the number of financial institutions using Ripples solutions. Meanwhile, Ripple Labs has won more than 200 cooperation partners. This includes several banks. All of these partners use one of the ripple solutions to handle their cross-border payments.
Author: Peter Joost – Source Post: https://www.kryptovergleich.org/ripple-xrp-ceo-wir-sind-zukunft-von-swift/
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