Blockchain Revolution Series: Ripple To Host ‘Swell’ – The Annual Conclave On Blockchain Payments

The renowned blockchain payments processing giant, ‘Ripple’ is all set to host two days of its annual conclave in Singapore with a typically impressive list of keynote speakers in the target subjects of ‘Blockchain and Digital Currencies’.

The price of XRP considerably surged 14.75% last month, and 2.54% on WoW basis. Historically, it has enjoyed with a buzzing bullish speculation around Swell conference dates. Very recently, the US Congressman from the Republican party, Ted Budd of North Carolina, also called 'XRP' as an ‘actual cryptocurrency’ together with BTC and ETH, naming them in the order of the market cap value. Hence, contemplating all these constructive factors, we reckon that it is worth tracking the event.

As ripple being a background blockchain in various banking operations, the banking firms intend to design and develop their own networks to improvise banking services. With that motive and objectives, this time, the conference, ‘Swell 2019’ is scheduled on November 7th and 8th, that is expected to bring together the world’s most renowned and trusted voices across the various gamuts of financial services, payments, technology and policymaking to share the reality of what’s unfolding in the global payments today and why it matters. 

Well, this year’s list includes Mr. Raghuram Rajan, the former governor of the Reserve Bank of India, and 7th the Chief Economist at the IMF. 

While Chan Heng Chee, who has served as an Ambassador-at-large within the Singapore Foreign Ministry, is also going to be featured. She  chairs Singapore University’s Lee Kuan Yew Centre for Innovative Cities, and a Member of the Presidential Council for Minority Rights. 

Keynote speech would be followed by the ‘Regulatory Outlook for the Foreseeable Future’ a Fireside chat by Ben Lawsky, the Head of Regulatory Affairs, NYDIG, & Stu Alderoty, General Counsel, Ripple.

Thereafter, the CEO and Director of DBS Bank, Piyush Gupta, takes over the session on Future of Digital Banking. This is it for the 1st day.

The second agenda would be on the key subjects, such as, Global Payments, Digital Assets for Money Transfers: Transforming the Industry, UBRI: How Academia is Driving Innovation in Blockchain, Blockchain in Payments. Tech savvies and IT Veterans are lined-up to share their expertise on these areas. 

The Ripple has been popular among the banking community as its edge to transact overseas payments swiftly and efficiently is perceived as a competitive advantage, however, the banks have the current SWIFT mechanism (Society of Worldwide InterBank Financial Telecommunications) in place that seems unlikely to lose their importance in the industry so easily.

While the data from the World Bank divulge that the international trade involving remittances were valued at $1.93 billion in 2018. Wherein, the prospects that is imminent to lure abundant investment inflow from the aspirants. The global remittance is most likely to surge to over $8 billion within next decade or so.