Key takeaways
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SWIFT powers most of the world’s bank transfers through its messaging network, while Ripple uses XRP to make cross-border payments faster and cheaper.
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Beyond payments, XRP is also used for remittances and is being explored for tokenized loyalty and DeFi applications, with institutions like SBI Holdings testing integrations.
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SWIFT is developing a blockchain-based ledger for real-time payments, interoperable with major networks and supporting tokenized assets.
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SWIFT still faces…
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