Pantera Capital CEO States Ripple Is Competing with SWIFT in CNBC Interview

The head of the major crypto investment firm highlighted Ripple's ambition to challenge the established global financial messaging network.

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Terms & Concepts
  • Ripple: A real-time gross settlement system, currency exchange, and remittance network created by Ripple Labs Inc. It aims to enable secure, instant, and nearly free global financial transactions.
  • SWIFT: The Society for Worldwide Interbank Financial Telecommunication provides a network that enables financial institutions worldwide to send and receive information about financial transactions securely.