IMF: New payments like Ripple and Calibra compete with existing payments

08月
20
2020-8-20 15:05
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According to u.today, the IMF in its August report announced that new payments had emerged, competing with existing platforms such as TCH ACH, TCH RTP and Fedwire Funds Service. These are generally only open to banks. New platforms include Ripple, Facebook's Calibra, Circle's CENTER consortium, and more. These new platforms are also different from systems such as Paypal and Square. Recently, Brian Brooks, director of the Office of Monetary Audit, criticized the Swift transfer system for being slow and inefficient.

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2020-8-20 15:05

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