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Ripple (XRP) –The good news reaching us is that ACI Worldwide, a Universal Payments company that powers e-payment for over 5,100 organizations around the world, has hinted that it is supporting Ripple’s real-time payment system.
On its platform, ACI Worldwide touted that it has over 1,000 of the largest financial institutions and intermediaries coupled with thousands of global merchants relying on its platform to execute around $14 trillion daily securities and payments transactions.
While informing users on its platform, ACI says it supports around 9% of global SWIFT traffic and approximately 30 percent in the US, adding that it offers its outstanding services to banks that wants to leverage the SWIFT’s global payment initiative (gpi).
Speaking on Ripple, ACI states that it supports real-time schemes around the world, adding that banks, through its platform can deploy Real-time Payment Systems to support SWIFT FIN, gpi, DLT (e.g. Ripple), Wire and immediate payments.
Ripple has been winning big firms and banks to its side recently. With the launch of Ripple’s xRapid amidst other tools, Ripple is growing at a very fast pace, and disrupting the cross-border payment industry beyond expectations.
At the moment, big banks are now deploying Ripple tools for payments purposely to reduce the cost of transaction while also increasing the speed at which payment is delivered.
ACI and Ripple (XRP): Two Giants Coexisting
The unsung relationship between Ripple and ACI is one big thing in the history of the blockchain firm for the fact that ACI Worldwide and SWIFT are global partners with the two depending on each other for seamless payment.
Ripple And SWIFT: Any Partnership?
The lingering rumour that Ripple and SWIFT will announced a partnership died during the SIBOS Conference. The rumour was halted after there was no announcement on the partnership between the two, instead, SWIFT mentioned that its customers are not prepared for the deployment of Ripple’s Distributed Ledger Technology.