Ripple and SWIFT CEO are Meeting In Paris To Discuss Cross-border Remittance
CEO of Ripple Brad Garlinghouse and outgoing CEO of SWIFT, Gottfried Leibbrandt are to feature in a panel at the Paris Fintech Forum which holds on the 29th and 30th January 2019 at the Place de la Bourse, Paris.
The two panelists will be discussing on the remittance industry and specifically speak on the topic “Let’s send the money.”
Organised by Altéir with supports from different firms, Paris Fintech Forum is an annual event. In 2017, the programme recorded a huge success, received supports form over 60+ international partners and gathered more than 2,600 attendees from over 72 countries.
In every forum organized, there are always more than 240 CEOs from banks, insurance, telco, regulators and Fintechs.
At the upcoming fourth edition of the Paris Fintech Forum, fintech stakeholders are expected enmasse.
Expected at the events is Mme Christine Lagarde, Managing Director of the International Monetary Fund, who is expected to speak on “The Future of Finance at Fintech Time: New Opportunities, New Risks, New Challenges”. CEOs and over 220 international outstanding speakers will participate at this year’s event.
SWIFT and Ripple blockchain technology are used in the financial industry to achieve cross-border remittance.
After seeing that SWIFTgpi does not achieve instant cross-border payment, many a number of financial institutions especially big banks across the globe are now deploying Ripple’s cross-border tool to achieve instant transfers.
Ripple and SWIFT: Explaining The Superiority
November 2018, Garlinghouse at an interview on Bloomberg TV said SWIFT’s customers think blockchain has awesome promises.
According to Garlinghouse, nothing less than 100 SWIFT-connected banks are now using Ripple’s powerful blockchain tool devised for cross-border remittance.
He said, contrary to SWIFT’s opinion, the blockchain and digital currencies have outstanding roles to play in the banking industry.
“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.”
Garlinghouse is both the CEO and Chairman of Ripple Labs. This year, Ripple surpassed 300 partners, including over 115 banks worldwide. Having launched On-Demand Liquidity (ODL) for cross-border payments, Ripple now has more than 20 partners using XRP for ODL, including Moneygram, Western Union, and American Express.
Niyi Adejare Moses Author
Niyi Adejare is a cryptocurrency analyst. He has written many articles on cryptocurrency, technology, and personal development.