New Report Reveals SWIFT Cross-Border Payments are Problematic and Ripple (XRP) could be the Solution

in #dlike • 5 years ago (edited)

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Ripple cross-border payments are the suggested solution to the problems faced by the 45-year old SWIFT secure message-sending service.


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     5 years ago 

    I am surprised at these revelations.  

     

    It appears that most of the problems relate to remittances to third world countries. 

     

    I never had problem with remittances not arriving. However I had problem with providing sufficient identification information as it seems to vary from country to country. Researching and obtaining these details were a pain and utter waste of time.

     

    Whatever it may be, blockchain technology would make it a thing of the past. 

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