RE: Ripple vs. Swift - International Payments on the Blockchain!?
Great post. And upvoted. But my nervousness about ripple is that I'd rather hold the equity than the currency xrp. It is clear to me Ripple looks like being able to take loads of cost out of the finance sector and many will adopt it. But it can do this with its core technology to which xrp is an optional additional solution with extra benefits. I would like to see more people distinguishing between banks and swift use of the ripple technology vs xrp. I asked ripple outright at a conference if it was true ripple the company (and its equity) could be successful without xrp being successful and they confirmed this. Two banks I spoke to at another conference said they'd use ripple the tech but not xrp. Do your own due diligence everyone. I'm not saying xrp won't be successful. Just that the news I usually see always seems too cloudy about what is being trialled and what is being adopted.
I would have to go with Ripple since no one has ever heard of Swift unless you are refering to Taylor.
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great info, thanks for sharing. i was starting to get interested in putting some fiat into ripple, but i think you just chilled me out on that thought. may go up for speculation, but doesnt sound like XRP is inherent to and required as part of the underlying technology
Thanks a lot for this great Input @katythompson. There's definitely a truth about the underlying technology being more important to the finance sector. But still, don't you think the public might at first rather accept a cryptocurrency of a the same company the banks are using? Maybe XRP might get the fast payment method for some Businesses :)