Coingape - 10/9/2018 1:49:10 PM - GMT (+0 )
Ripple is going to be at yet another event but this time it’s the flagship event of its competitor Swift’s Sibos event, one of the biggest global event in the world of fintech. Ripple and XRP enthusiast and investors are anticipating for a bigger announcement and a surge in XRP price.
After gatecrashing Swift’s flagship event Sibos in 2016, this time Ripple is all set to officially take the stage as the website of the event has Ripple listed as one of the exhibitioners.
After Swell on October 1 and 2, Ripple is getting ready to make some headlines with yet another event. This time Ripple will be sharing the stage metaphorically with its biggest competitor Swift.
Last time this event happened, as pointed by a Redditor,
“SWIFT uninvited Ripple last year, and that’s how Ripple ended up putting on SWELL at the same time and place. SWIFT seems to have learned from their mistake, thus Ripple has a vendor slot.”
One of the biggest global events in the world of fintech, this year it is covering how data, AI, and robotics are driving service innovation and business model renewal, new paradigms and technologies for information sharing to tackle financial crime, tackling the widening cybersecurity challenge in the digital economy, and adapting to evolving geopolitical and regulatory priorities.
Currently, SWIFT is a dominant system for international money transfers and payments. However, Ripple is in direct competition with Swift as it provides solutions for faster and cheaper cross-border settlements. Moreover, it has been making deals with banks and financial institutions, having over 100 of them already in its bag.RippleNet in limelight, XRP to $1?
The official announcement of the Swift’s Sibos, reads,
“Ripple provides one frictionless experience to send money globally using the power of blockchain. By joining Ripple’s growing, global network, financial institutions can process their customers’ payments anywhere in the world instantly, reliably and cost-effectively. Banks and payment providers can use the digital asset XRP to further reduce their costs and access new markets. With offices in San Francisco, New York, London, Sydney, India, Singapore and Luxembourg, Ripple has more than 100 customers around the world.”
Ripple will be showing its RippleNet product that “offers one experience to send money globally, using blockchain technology,” this time at Sibos 2018 “Enabling the Digital Economy” event at Sydney, Australia.
At the Swell event, Ripple announced the launch of its xRapid product and it is being expected by the enthusiasts and investor that this event will see even a bigger announcement. And that it would take XRP prices to $1.
At the time of writing, the world’s third-largest cryptocurrency has been trading at $0.4808 while being slightly in the red.