Ripple Competition Grows as IBM Blockchain World Wire Launches

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SWIFT and Ripple are seeing some new competition in the financial global payments market as IBM Blockchain World Wire launches.

While traditional financial institutions scoffed at cryptocurrencies, they did take notice of its nearly instantaneous cross-border payment ability. The current SWIFT payments system is slow, which led to Ripple creating its own network using XRP as a means of quickly making payments throughout the world. Now a new competitor has entered the market with the launch of…

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