The BRICS nations are talking about implementing a SWIFT replacement. But, where is it? Where are the test platforms? I am not seeing it, i am not hearing about it. (I do know that i the furthest from this info, being in America, but really, all i hear is promises) Unless the new SWIFT system is on XRP.
We hear a lot about Ripple making deals with all the central banks, except the fed, and the IMF. And the news goes unnoticed by XRP's price. Making you wonder, if there was actually news. Is the news real?
Ripple is working on an inter-national money transfer/exchange system, that they say will make moving money internationally easier for people and banks.
Let us assume that XRP/ripple is the new "SWIFT" system. What does this mean?
How is Ripple Saying they Will Do International Money Exchanges?
Others who have suggest going around the SWIFT system, or doing international money transfers, or even talking about doing bank like things have been shut down, wiped off the face of the planet, had regulators climb up their asses so far…
But all that has happened is the SEC sued them, over being a security. And the SEC failed, over and over. If someone told me they through the game, i would probably agree.
And that the SEC sued them just at the time XRP was going to run wild is simply amazing. And then the price has been kept down.
XRP is either super amazing, or this is all a game, or theater.
Ripple is the new SWIFT?
The new SWIFT would be having to make a deal with a lot of central banks in a lot of countries. Then they would have to start working on how to do currency exchanges. And work out how to do that without having twice as much sitting around. And work out…
Which is what Ripple seems to be doing.
Most just hear it as, Ripple is going to become Western Union, or something.
But, with that code, it is only a small step before they are actually doing everything SWIFT is doing.
Why isn't the FED making a new SWIFT?
The people that should be all over a new SWIFT system is the FED and the IMF. SWIFT is antiquated software running on antiquated hardware. No expense should be spared on upgrading that system. But, nothing. Everyone is saying things like, "don't mess with it".
Is the FED waiting for someone to make a blockchain that they can just piggy-back off of?
There is much talk about FedNow, but i don't see any testing going on.
Even WIC (food stamp like program with CCs) is run by one of the big banks.
Is the FED dragging their feat? Is it all being done in complete secrecy?
Or is the secret that the power center is being shifted, and the plan is for the FED to take a dive?
Things are not adding up in the financial world. What we are being told is not what is being done.
It would make a lot of sense if Ripple/XRP is the next SWIFT. Too many pieces fall in place if we assume that.
The banksters will never give up power, even to their dying breaths.
But, i could be completely wrong. Suddenly, banksters become saints?