I'm fascinated by Ripple because (a) it keeps the banks distracted, and (b) it's been written off almost as many time as Bitcoin.
Ripple has formed a six-bank Global Payments Steering Group (GPSG), calling it “the first interbank group for global payments based on distributed financial technology.”
Although the announcement does not mention it explicitly, the new network is a potential challenger to SWIFT. First activated in the 1970s, SWIFT is the global standard for processing international settlements between banks.
https://news.bitcoin.com/ripple-banking ... lockchain/
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southtopia
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