Ripple to Discuss Remittance Transformation Using Digital Asset at SWIFT’s SIBOS

SWIFT has again invited Ripple Inc., the initiator of XRP Ledger, to make presentation on using digital currencies in the transformation of remittance industry.

The Sans Francisco startup was selected among fleets of financial tech firms across the globe to grace the SWIFT’s annual conference tagged SIBOS. For years now, Ripple has been making presentations at the conference in the presence of big firms across the globe.

At the 2018 SIBOS, rumors were rife that Ripple and SWIFT would be announcing a turnaround partnership. However, the rumor came out to be closer to lie than truth.

Meanwhile, at this year’s 4 days event holding in London between 23rd to 26th September, 2019, Managing Director of MENA and South Asia for Ripple, Navin Gupta, is going to be making a presentation tagged: “Ripple: The future of cross-border payments – Transforming remittances with digital assets.”

The presentation is to focus on the meeting the ever-increasing expectation of consumers across the financial world.

Gupta will discuss how to meet the expectations of customers with fast, convenient, and frictionless remittance solution using digital assets.

The managing director of Ripple in South Asia will enlighten the gathering on the remittance industry’s revolution introduced via crypto assets and especially, Ripple’s glorified partnership with global remittance giant MoneyGram and its future prospects.

Gupta will speak extensively on how Ripple collaborate with firms like MoneyGram to make available, on-demand liquidity for international remittance.

He’s going to highlight how MoneyGram and Ripple collaboration solved fundamental glitches around liquidity management for payments and businesses at present and in the nearest future.

Through the partnership, MoneyGram intends exploring Ripple’s xRapid, which makes use of XRP token to perfect its remittance service.

Ripple through its innovations finally removed the Nostro accounts burden (keeping billions in accounts across the globe for remittance purposes) on cross-border payment firms across the world.

Today's Gazette Telegram

The post Ripple to Discuss Remittance Transformation Using Digital Asset at SWIFT’s SIBOS appeared first on Today’s Gazette – Cryptocurrency, Bitcoin News.

Source: Todaysgazette

A draft proposal for an Iran crypto mining license is being reviewed by the central bank. Cryptocurrency mining has proliferated...

North Korea’s crypto plans are stacked to compete with Bitcoin and they’re planning on fighting fire with fire. The East...

Altcoins are still in the spotlight while Bitcoin continues consolidating. Right now the markets are choppy, giving mixed technical signals....

VibraVid Inc. has revealed that the initial exchange offering (IEO) of their token BeatzCoin (BTZC) will be hosted on ProBit...

Bitcoin fails to impress while it is back at trading sideways at $10,200, as most of the altcoins experience a...

Brexit, the European divorce saga that has been going on for years, has created a lot of headaches for politicians...

South Korean exchange UpBit has announced the delisting of certain privacy coins, citing money laundering concerns South Korean cryptocurrency exchange...

The trading week of Ethereum did not leave market participants alone. On the back of Bitcoin, which yesterday was able...

Bitcoin price continues to toy with trader sentiment, after making an unexpected recovery to trade back above USD 10,000, if...

Patrick Byrne, Overstock’s former CEO reportedly sold his thirteen percent (13%) stake in the firm for ninety dollars ($90M) in...

Telecom company Verizon just won a patent that allows it to start making virtual SIMs on blockchain technology. The company...

Thanks to Arba, Bitcoin adoption in the Philippines is breaking records. According to the announcement made by an investment platform...

For the past year many participants within the crypto markets have been looking towards the official launch of Bakkt as...

After incurring a sudden influx of buying pressure that sent Bitcoin’s price surging to highs of nearly $10,500, BTC has...

A cryptocurrency entrepreneur has been charged with extorting an unnamed, Seattle-based digital asset startup. Steven Nerayoff stands accused of threatening...

Former iced tea-turned-blockchain company Long Blockchain Corp. has sold its beverage subsidiary. Long Blockchain Corp., previously named Long Island Iced...

BitMEX CEO and co-founder Arthur Hayes says traditional traders could lose their lunch breaks and weekends once digital finance starts...

Cryptocurrency exchange Seed CX is cutting its trading fees to one of the lowest levels in the industry in an...

Governments and private companies think that blockchain identity systems could empower citizens to take control of personal data. The rapid...

The current status of cryptocurrency in Iran raises a lot of questions. While not officially banned, there are a fair...

Stefan Rust, the new CEO of Bitcoin.com, sat down to answer all your questions about his work and how furthering...

Can the altcoins continue their rally after a shallow pullback? Let’s analyze the charts. Though Bitcoin’s (BTC) price action has...

A Discord scam is promising over two thousand dollars for registering with their website Billaxy.com. The malicious actors have been...

Privacy coins are facing a threat over the latest regulatory requirements for transparency. Relatively well-accepted assets like Dash (DASH), Monero...

Latest updates pertaining to the Stratford City Hall ransomware attack have emerged. According to reports, a total of 10 bitcoins...

NASA (National Aeronautics and Space Administration) appears to be on the hunt for a data scientist who, amongst other qualities,...

During the 2017 crypto craze and ICO boom, retail crypto investors loaded up on new, untested altcoins in hopes of...

Bitcoin price is consolidating ahead of what most expect to be a major move – one that’ll set the trend...

The Malaysian Ministry of Education has introduced a blockchain platform to tackle the rampant use of fake educational certificates. The...

The U.K. Financial Conduct Authority has warned the public about a cryptocurrency investment clone firm called First BTC FX. The...

Fraudulent advertisements have reportedly begun to circulate Facebook, offering to join the Telegram Open Network investment platform. Fraudulent advertisements have...

Some in the crypto community have embraced Puerto Rico. Could it be the country for you? Some in the crypto...

It’s Friday and the week is coming to an end. Overall it was a pretty quiet week for most crypto...

According to public data, a number of individuals are creating tokens using the Simple Ledger Protocol (SLP) on the Bitcoin...

Verizon has won a patent in the United States for technology that can create blockchain-based virtual SIM cards. Leading communications...

Quite impulsive was Thursday for Bitcoin and closer to the end of the day we decided to analyze the emotional...

John McAfee believes that Bakkt’s involvement in cryptocurrencies may increase its adoption. Contradictorily he stated he would never use the...

Ripple has replied in motion to a lawsuit that XRP tokens cannot be considered security since the criteria for being...

Dash price can expect a bullish turn over once the one hundred dollars ($100) mark is surpassed by the bulls....

Trading volumes for Bitcoin (BTC) on the Bitfinex exchange seem to vanish into thin air. Analysts noted that about a...