Chairman of the interbank payment system SWIFT, Yawar Shah, believes that cryptocurrencies have already had a powerful impact on the traditional financial industry, and in the future, this influence will only increase.
“The financial industry is going through extraordinary changes due to the emergence of various projects like Libra from Facebook and the development of technologies such as cryptocurrencies,” Shah said at the Sibos 2019 conference.
SWIFT is one of the most popular interbank payment systems, which serves more than 11,000 financial institutions around the world. However, the company sees a threat from new technologies and cryptocurrencies. To combat them, it develops modern technology for international transfers.
Recently, a SWIFT spokesman criticized cryptocurrencies, calling them unstable and useless. He acknowledged that SWIFT also has some drawbacks; for example, the ability to make transfers only during business hours. But according to him, this is still better than trusting cryptocurrencies.
Technical analysis of Bitcoin (BTC):
Over the past day, the price of bitcoin fell to the support level of $8,000. After such a collapse, the price of bitcoin, of course, rebounded. Now, it is $8,400. After such a correction, bitcoin has a chance to show its strength this year. In the near future, bitcoin will try to reach the support level of $8,000. The nearest resistance levels are $8,400, $8,500, $8,600. The nearest support levels are $8,280, $8,000.
Technical analysis of Ethereum (ETH):
Over the past day, the price of ethereum fell to a support level of $150. This movement completely coincided with our forecast. Now, the price of ethereum is $165. We are prone to the fact that the price of ethereum, most likely, will first test the support level of $150, and then bounce up. The nearest resistance levels are $165, $168, $173, $181. The nearest support levels are $165, $150.
Technical analysis of Ripple (XRP):
Over the past day, ripple fell in price to the mark of $0.2170. This movement fully coincided with our forecast. Now, the price of ripple is $0.2330. We expect a rebound upwards. The nearest resistance levels are $0.2480, $0.25, $0.2520, $0.2560. The nearest support levels are $0.2170, $0.2280.
