SWIFT, XRP, and the Future of Global Payments. Jake Claver on settlement.
More on this subject: jakeclaver.com.
What this recording covers
Claver explains that SWIFT is primarily a messaging system and does not itself conduct settlements. He describes SWIFT's stated move toward real-time settlement and argues that achieving this at scale requires a public blockchain rather than a private permissioned system, because counterparties will not accept a settlement asset that can be controlled or frozen by a single party. Claver then outlines how he expects the components to divide: a messaging layer built by SWIFT, a data-security layer handled by one network, an oracle function handled by another, and actual settlement between ecosystems handled by XRP on the XRPL. He presents this as a multi-network architecture where each participant plays a distinct role.
Where this fits
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