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Cutting through the rabbit hole of cross-border payments

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Swift went live last year with a service which allows banks to track cross-border payments to one another and send payments within a day. Ripple, a US start-up, is selling blockchain technology to banks that are looking for cross-border settlements to be done in seconds.

BT_20180115_JLPAYTURN2FXC_3262767.jpg
Swift went live last year with a service which allows banks to track cross-border payments to one another and send payments within a day. Ripple, a US start-up, is selling blockchain technology to banks that are looking for cross-border settlements to be done in seconds.

Singapore

THE complexities behind cross-border payments have led to one serious rabbit hole for the banking industry.

But now, like the fictional white rabbit who worries he will be too late, urgent change is burrowing through this trillion-dollar space, particularly as blockchain

sentifi.com

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