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A comment on S&P Dow Jones Indices to launch cryptocurrency indexes in 2021. Parent comment
Yes, there are quite a few where crypto has an undeniable advantage, I listed a couple.
> has allowed us to achieve this for the first time
That is wrong, we have never been able to use the improvements to the 45+ y/o SWIFT network (Ripple creates) that we can today.
> Regulate crypto such that it isn't an issue anymore
How will you require correspondent banking when 200+ banks are already side-stepping it?
> make the existing monetary systems move money more quickly
How would you make SWIFT settle accounts more quickly?
How would you remove the incredibly high prices on traditional wire transfers?
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Yes, there are quite a few where crypto has an undeniable advantage, I listed a couple.
> has allowed us to achieve this for the first time
That is wrong, we have never been able to use the improvements to the 45+ y/o SWIFT network (Ripple creates) that we can today.
> Regulate crypto such that it isn't an issue anymore
How will you require correspondent banking when 200+ banks are already side-stepping it?
> make the existing monetary systems move money more quickly
How would you make SWIFT settle accounts more quickly?
How would you remove the incredibly high prices on traditional wire transfers?