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Ripple CEO Brad Garlinghouse: We’re Taking SWIFT Over

Ripple is widely believed to be solving the problems of large asset transfers across borders and has dozens of large institutional clients to show for it. Chief Market Strategist Cory Johnson has previously dubbed Ripple (XRP) “Bitcoin 2.0.”

The Bloomberg segment has Garlinghouse saying that at least 100 SWIFT-connected banks have signed on with Ripple, and that contrary to SWIFT’s opinion, the blockchain and cryptocurrencies can play a vital role in the banking sector.

“SWIFT said not that long ago they didn’t see blockchain as a solution to correspondent banking. We’ve got well over 100 of their customers saying they disagree.”
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