SWIFT banking news

SWIFT gpi vs Ripple

SWIFT company: the standards innovation has nothing to do with RippleNet.swift banking

The international banking network SWIFT announced its plans for innovation and the upcoming transition to the SWIFT gpi (global payment innovation) standard, which will make transactions completely transparent and traceable. Unexpectedly, this news gave rise to the rumours that the upcoming changes are related to the introduction of Ripple technologies into the system. As if SWIFT is going to provide more than 4,000 banks with access to the services of the company.

The management of SWIFT was quick to deny these rumours. The representative of the company confirmed that the protocol standards will be changed, but this has nothing to do with Ripple. The purpose of SWIFT is to incorporate tracking links into payments that will allow banks to follow the transactions in real time.

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