In a recent discussion, Vet VetX0 highlighted the stark contrasts between the XRP Ledger and SWIFT's payment systems, shedding light on the advantages of blockchain technology in modern finance. The publication provides the following information: the efficiency and transparency offered by blockchain can significantly enhance transaction processes.
Transparency of the XRP Ledger
Vet emphasized that the XRP Ledger operates with a level of transparency that allows users unrestricted access and verification, a feature that is notably absent in SWIFT's centralized model. This reliance on multiple intermediaries in SWIFT's system often leads to delays and inefficiencies in transactions.
Operational Bridge Function of XRP
Furthermore, Vet argued that the bridge function of XRP is not just theoretical but actively operational, facilitating cross-border transactions that can settle in mere seconds. This capability addresses long-standing inefficiencies in traditional banking, positioning XRP as a viable alternative for faster and more efficient international payments.
