Will AtoX replace SWIFT?

tongzhengshijie tongzhengshijie at outlook.com
Tue Jan 8 02:32:34 UTC 2019

Will AtoX replace SWIFT?

Society for Worldwide Interbank Financial Telecommunication 
(SWIFT) is a  non-profitable international and cooperative 
organization between international bank that provides fast, 
accurate and excellent services to international financial 
services. It operates a world-class financial transaction 
messages network, through which banks and other financial 
institutions can exchange messages with their peers to complete 
financial transactions.

SWIFT has more than 10,000 members of financial institutions 
around the world. In May 2017, Global Payment Innovation (GPI) 
services were launched, and SWIFT GPI has become the new standard 
in cross-border payment. Today, hundreds of thousands of 
cross-border payments are sent with the new GPI standard; The 
amount paid using GPI each day exceed $100 billion; 50% of GPI 
payments take less than 30 minutes to reach the final beneficiary 
account. The industry's Big Mac is facing threats from the 

According to Carlos Carriedo, general manager of American 
Express, the blockchain is likely to revolutionize the mode of 
payment globally. At the conference named "Wings of Change in 
Europe"  in Madrid on December 10, Carriedo made a speech 
confirming that the use and development of the blockchain have 
been listed on the company's agenda.
“The blockchain is the choice we are seriously considering. We 
have invested in a financial science and technology laboratory 
based on blockchain technology just to understand how we can make 
better use of this technology. We have conducted a series of 
tests with Santander Bank (Santander) for cross-border payments. 
After a series of tests for cross-border payments – in a few 
seconds, our clients will be able to remit money from one place 
in the world to another in a very transparent and smooth way.”

The advantages of the blockchain are undoubtedly very obvious, 
well, as the representative of the finance-grade blockchain 
technology, Atox will undoubtedly play an important role in the 
field. We have compared AtoX with Ripple, which is superior to 
Ripple in terms of interface richness, and there are many obvious 
advantages in its trading speed.
AtoX is determined to be a global digital bank. Its technology 
has two original intentions: security and efficiency. We are 
looking forward to the killer application roaring across the 
horizon. Perhaps this hope lies in AtoX. After all, blockchain 
technology itself is has a wide application prospect in the 
financial industry.
1. The concept of Blockchain 4.0, the fourth generation 
blockchain technology
A, Constantly upgrading intelligent algorithms
B. Delegate power to the people
2. The story of the Jews
Jewish spirit, Jewish diligence and greatness,

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