Ripple vs SWIFT: International payment giants to go head to head in debate

09 Jan, 2019 | Updated: 09 Jan, 2019
by Will Heasman
News
Ripple vs SWIFT: International payment giants to go head to head in debate

Silicon Valley startup Ripple and international payment goliath Swift will finally be able to air their grievances with one another, in a head-to-head debate.

The Debate will take place at the 1TC conference in Rust, Germany, and pit the two companies' global heads of banking together; Marjan Delatinne will represent Ripple and Wim Raymaekers will represent Swift. 

The two will discuss the banking sector and how new technology is affecting the arena, as well as whether this technology will disrupt traditional banking.

“SWIFT and Ripple take a look at the future of global money transfers and propose that their specific concepts are set to replace all other approaches. What will the future look like?” reads the event website.

It's no secret that Ripple wishes to overtake Swift and dominate the international payments arena, some say its inevitable given ripples superior technology - more specifically their adaption of blockchain technology.

There is no love lost between the two international payment giants, Brad Garlinghouse, CEO of Ripple, recently stated in an interview with Bloomberg how far Ripple technology has come in the race to the top:

“I think what we’re doing and executing on a day-by-day basis is, in fact, taking over Swift. In that, we’ve now signed up well over 100 banks. Some of the largest Swift-enabled banks in the world are now using Ripple’s technology.”

Read more: Brad Garlinghouse: Ripple is "taking over Swift"; Institutional interest in XRP is "on the rise"Ripple boasts of over 200 partners, as it continues to corner int'l payment marketRipple powers cross-border payments for one of the worlds largest Islamic banks


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