WIFT has announced the launch of a new digital platform, as well as a new strategy, for instant payments.
International transfers developed by the Society for Worldwide Interbank Financial Telecommunication have always been much slower and more expensive than domestic transfers, so much so that they have recently begun to face competition from Ripple in terms of speed and cost-effectiveness.
This competition is actually forcing SWIFT to adapt to technological innovation, so much so that it is now building a new generation digital platform in the name of resilience and security.
In addition, the new strategy aims to enable account to account transactions anywhere in the world, immediately and without friction, with transparency and end-to-end predictability.
This channel will never waste your time selling you sponsored products or promoting affiliate links that bring me a revenue stream from your sign up. My content is free. Should you wish to skip those ads placed by Goggle, you can you the brave browser or sign up for their premium Youtube service (which gives me zero benefit).
My patreon is for people who are interested in research I’ve done, but does not make it into a video for the public. Patreon members will receive a couple of exclusive private links per month, delivered to your email.
Thank you for supporting my videos and research on Patreon
Extended Fluff: https://coil.com/u/eri
Find me on twitter: @sentosumosaba
My Daily Crypto Journal: https://coil.com/u/TheCryptoJournal
Thank you so much for watching.