Post
Topic
Board Altcoin Discussion
Re: Will the SWIFT system ever be replaced by XRP?
by
DeathAngel
on 26/11/2024, 20:55:57 UTC
XRP offers faster & cheaper cross border transactions compared to the SWIFT system but it faces significant regulatory & adoption challenges. SWIFT has established big relationships with financial institutions worldwide. The transition to XRP or any alternative would require widespread acceptance & integration within existing financial frameworks making an outright replacement unlikely in the near future. Advancements in blockchain tech may influence future developments in international payments.