Typically no. RTGS is usually used by banks in a country to go large settlements amongst themselves. It is pretty much a localized system. In many countries the RTGS is run by the central bank or by a semi-autonomous body. The clearing of funds with the RTGS are all based on local currency.
Hard to say. At the time of writing this answer, Ripple (payment network) has about 200 or so banks signed up. A pretty small number, but much more than any other alternative provider out there, that just got started in the last few years. With over 15,000 banks microfinance banks, credits unions, community banks, etc., some put […]
Just by the SWIFT Code itself, no. Think of the SWIFT code as the ZIP Code or Postal Code. It will indicate generally where you are, but NOT the exact address. A SWIFT Code will tell me, that you bank at a such-and-such institution, but that is about it. It cannot provide me with your withdrawal/deposit […]