Join the larget crypto conference of 2022 in Bitcoin
$ 39,046

Arab Regional Fintech Group noted Ripple may replace SWIFT

Arab Regional Fintech Group noted Ripple may replace SWIFT 6

A report of Arab Regional Fintech Group mentioned RippleNet as an option to adopt the global payment platform over SWIFT. 

The Society for Worldwide Interbank Financial Telecommunication (SWIFT) is popularly known as a priority option for the banks to facilitate payments from country to country. However SWIFT is standing at the first position in the financial payment services but it is operating its services on traditional methods and also consumes time over the current blockchain technology-based payment platforms. 

On 18 March, Arab Regional Fintech Group published its report on the Central Bank Digital Currency (CBDCs) for the Arab central banks, which are looking to understand the crypto & blockchain industry, which is emerging as the best alternative to the cross border payment solutions.

The report mentioned Ripple, San Francisco-based payment Fintech firm, two times. Reportedly noted that RippleNet is the best alternative to SWIFT. It was strange but surely showing a mirror to those haters of crypto & underlying technology blockchain.

A Twitter user WrathofKahneman noted about this thing and shared it on Twitter with his more than 30k followers. 

Around 4 days ago, a Ripple partner  Clearing House established its partnership with an American multinational financial company Wells Fargo to provide an instant payment system to the banks globally, to create better competition against SWIFT. 

On 11 February, Ripple established its partnership with Digital Euro Association (DEA) to help the agency on CBDCs in all possible ways from education on policies to development on CBDC. 

” (Ripple will help) in contribute to the public and political discourse through research, education, and by providing a platform and community for policy-makers, technologists, and economists to discuss digital money-related topics.”

Read also: Dogecoin rival Shiba token loses 32,832 holders in only one day

Arab Regional Fintech Group noted Ripple may replace SWIFT


Buy bitcoin and other cryptocurrencies on crypto exchanges  Binance ,  Coinbase ,  Kraken  and  Bitfinex !

Don’t miss a thing, sign up for our newsletter

Subscribe To Newsletter

For updates and exclusive offers, enter your e-mail below.


BINANCE - The Exchange with the Most Trading Volume in the Wold

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

--------------------------Ads by Cryptonews24--------------------------------------
CocaCola Investing Platform

✅Brand new company platform launched 17/09/2022🔥💯


👉🏼Coca-Cola 👈

Don't miss Coca-Cola if you want to generate passive income.

It is a brand new company with stable and moderate income that will help investors earn money in the long run.

Say no!! on sites with high commissions, they only last a few days.

Coca-Cola is a legitimate company and supplies are standard.

$5 sign up bonus

-Minimum deposit $20
-Minimum withdrawal $10

Withdrawal time 0~10 minutes💯 ✅

Get 7% of your deposit everyday🔥
-Deposit 20, Get $1.5 Daily ✅
-Deposit 30, Get $2.1 Daily ✅
-Deposit 50, Get $3.5 Daily ✅
-Deposit 100, Get $7 Daily ✅
-Deposit 200, Get 14 Daily ✅

Get 10% of your first deposit and 10% on invite deposits 😱

Reward Invitations🏅
-30 valid members, get $100 reward ✅
-60 valid members, Get $150 reward ✅
-100 valid members, Get $350 reward ✅
Note: Valid member charges $30 and up

Deposit Reward🏅
Get 10%, 2% and 1% of Lv1, Lv2 and Lv3 group deposits.

A lot of activities will be organized in the main group to help hardworking members make a lot of money 💰

Registration link

This is a long term project!! Do not miss it!!! 💎 💎 💎 💎 💎


Cryptonews24 Channel Chat