Bitcoin Forum
December 10, 2019, 09:50:26 PM *
News: Latest Bitcoin Core release: 0.19.0.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: [2017-04-20] Can Blockchain and DLT Solutions Compete with SWIFT?  (Read 239 times)
Vladdirescu87
Sr. Member
****
Offline Offline

Activity: 966
Merit: 264



View Profile
April 20, 2017, 05:48:08 PM
 #1

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/
"With e-currency based on cryptographic proof, without the need to trust a third party middleman, money can be secure and transactions effortless." -- Satoshi
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1576014626
Hero Member
*
Offline Offline

Posts: 1576014626

View Profile Personal Message (Offline)

Ignore
1576014626
Reply with quote  #2

1576014626
Report to moderator
Carlton Banks
Legendary
*
Offline Offline

Activity: 2576
Merit: 2114



View Profile
April 20, 2017, 07:27:10 PM
 #2

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

Vires in numeris
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!