In previous years, global money transfer service providers Swift and Ripplenet have been powering payment transfers for institutions in the finance industry globally. However, Knox Wire, an institution-to-institution communication system, also joined them by launching a cutting edge technology with advanced features. According to Stephen McCullah, Knox Wire’s CEO, the company delivers unmatched cost-effective and fast services. 

Knox Wire now makes it easier for financial institutions to offer their clients near-instant cross border payments. Having thousands of businesses onboard within a short period, Swift and Ripplenet should look out for this new system as it is unstoppable to climb and stay at the top of the competition. 

Knox Wire Dominating the Finance Industry

The finance industry is vast, and Knox Wire is determined to be among the top dominators in the space. We all know that competing against Swift and Ripplenet will require work since they will most definitely take measures to retain their positions in the industry. However, with Knox Wire’s teams’ confidence, it will be interesting to know how it has progressed in a few years to come. 

Knox Wire prides itself on being user-friendly, and any business, whether small or large, can use it without requiring hardware or dedicated and experienced IT professionals. Moreover, the system is flexible, making it easier for eligible institutions to customize it based on their needs. On top of that, it completes payments fast compared to its competitors’ speed. Knox Wire might eventually lead other service providers with a solid plan and strategy. It’s all just a matter of time. 

By featuring the above elements, eligible institutions are guaranteed more opportunities for business growth. After all, the main reason for seeking fast transactions is to gain more prospects and partnering with Knox Wire is the way forward. It features Distributed Ledger Technology (DLT), a protocol that allows the secure performance of decentralized digital databases. Also, Knox Wire partners with various institutions within its network, thus maximizing their income due to reduced exchange rates and transaction costs. Furthermore, there is an option for eligible institutions to use the intermediary currency option, Gold Secured Currency (GSX), to maintain the value of their assets on the system.

Efforts To Make a Better Future

Financial institutions have been experiencing challenges sending money internally and cross-borders. Although the establishments of Ripplenet and Swift simplified transactions, there still was delays in deliveries and transparency. The good news is that Knox Wire strives to change the ways businesses transact by featuring advanced elements. Organizations using it say that business performance has improved as a result. In addition, it has been easier for them to source new talent, especially when hiring remote workers. 

With Knox Wire, you also get to effectively communicate with other institutions within your network. Its efforts to minimize money laundering by making transactions near-instant helps minimize the wait time for cross-border transactions. On top of it, the bi-directional messaging creates transparency and trust, leading to more opportunities for growth. Knox Wire is also highly encrypted, meaning that all your confidential information will be secure. Furthermore, there is a professional and dedicated support service to contact in case of challenges manoeuvring the system. 

Knox Wire is a new tech system streamlining transactions from institution to institution. Governments are also free to benefit from the system as it does not have stringent limitations. Also, getting started is a pretty straightforward process, and you do not need hardware or skilled personnel. Moreover, the application and training processes will take upto two weeks. The future is bright for Knox Wire, and it will come as no surprise to see it be among the leading service providers in the finance industry.