1. SWIFT – The old king of the financial system

Nature:

  1. Global interbank messaging network

  2. Not a direct transfer of money, only sends payment messages

Advantages:

  1. Used by over 11,000 banks

  2. High legal compliance

  3. Compatible with the current financial system

Limitations:

  1. Slow (1–5 days)

  2. High fees, many intermediaries

  3. Difficult to innovate

👉 SWIFT is strong on legal aspects, weak on user experience

2. Ripple (XRP) – Blockchain created for banks

Nature:

  1. Blockchain specialized for payments

  2. XRP acts as a bridge currency

Advantages:

  1. Fast transactions (3–5 seconds)

  2. Low fees

  3. Bank-friendly design

  4. Cross-border liquidity support

Limitations:

  1. Dependent on bank acceptance

  2. XRP price volatility

  3. Legal history has been controversial

👉 Ripple wants to upgrade SWIFT, not to dismantle it

3. Tron – The global stablecoin factory

Nature:

  1. Public blockchain, low cost

  2. USDT on Tron accounts for a large share of crypto remittance transactions

Advantages:

  1. Extremely low fees

  2. Fast speed

  3. Large USDT liquidity

  4. Popular in emerging markets

Limitations:

  1. Decentralization is not high

  2. Few compliance factors

  3. More suited for B2C than B2B

👉 Tron is the “highway” for USDT, but lacks legal framework

4. Plasma – Optimized blockchain for stablecoins & payments

Nature:

  1. Blockchain specialized for stablecoin payments

  2. Designed for cross-border payments

Advantages:

  1. High speed, low fees

  2. Optimized for stablecoins (USD, EUR…)

  3. Transparent, easy to audit

  4. Easy integration for fintech & businesses

Limitations:

  1. The ecosystem is still new

  2. Needs time to prove scale and reliability

👉 Plasma aims for a payment experience “like Web2 but using Web3”

@Plasma #plasma $XPL