Brad Garlinghouse: xCurrent is an Upgrade of SWIFT 2.0

Brad Garlinghouse, the CEO of Ripple, believes that xCurrent is an upgrade of SWIFT. He made this statement while addressing representatives of banks and financial institutions where he was the only member from the private sector.

SWIFT is the dominant cross-border messaging system used by banks and other financial institutions. However, Garlinghouse pointed out that the global payment network and the sector in general is yet to catch up with the age of the internet saying Ripple’s xCurrent technology is an upgrade to SWIFT.

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