Watch Out Ripple, SWIFT Says Its Fastest Remittance is Down to 13 Secs By Cointelegraph


Watch Out Ripple, SWIFT Says Its Fastest Remittance is Down to 13 Secs

The Society for Worldwide Interbank Financial Telecommunications (SWIFT) announced a successful trial of instant cross-border transfers in Asia in a press release published on July 18.

Per the release, the trial performed instant payments between 17 banks located in Australia, China, Canada, Luxembourg, The Netherlands, Singapore, and Thailand, taking up to 25 seconds, with the fastest taking 13 seconds.

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