Tag: swift

Swift’s GPI and Ripple are Ducks in Very Different Ponds

A lot of people have a genuine dislike toward Ripple and XRP. There are also genuine concerns over its ODL service being capable of convincing enough financial institutions. It is evident that the bias toward this company has grown somewhat out of proportion. GPI and Ripple Aren’t Competing yet However, one post on StockTwits paints an interesting picture. One has to keep in mind the original news dates back to …
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Japan Wants to Rival SWIFT With a Cryptocurrency Network

Japan is a prominent country for blockchain and cryptocurrency activity. So much even that government officials are building a new type of infrastructure. It is labeled as the “SWIFT of cryptocurrency”, although living up to those expectations won’t be easy. This new network will be used on an international scale and aims to thwart money laundering. Japan Doubles Down Over the past few years, Japan has become a key region …
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What is CIPS?

People often argue there is not enough innovation in the financial world, and to some extent, they are absolutely right. However,  there are some developments, well worth taking note of, including the CIPS network. This Cross-Border Inter-Bank Payments System can have major consequences for SWIFT in the Western world. What Does CIPS Do Differently? One has to first understand the CIPS initiative before looking into how it works. The Cross-border …
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US Government Hacks Global Bank System, Neccesity of Bitcoin

The US government’s ongoing extensive surveillance on the global banking system and payment transfers is demonstrating an urgent necessity of a decentralized financial network such as bitcoin. Over the past few months, various organizations including Wikileaks and Shadow Brokers have exploited most of the malpractices of the National Security Agency of the US. One of the recent tools of the NSA that was leaked and exploited on the dark web …
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