Ripple Invests in Tazapay, Targeting SWIFT Domination

Cryptocurrency company Ripple has made a strategic investment in Tazapay, a licensed payment processor handling over $10 billion annually across 70 markets. This move signifies Ripple’s intention to disrupt the global payments infrastructure and challenge the existing dominance of the Society for Worldwide Interbank Financial Telecommunication (SWIFT) network. By partnering with regulated entities like Tazapay, Ripple seeks to expand its reach while navigating regulatory challenges.