June 18, 2021
Six Clovers Creates New RAPID Platform to Challenge SWIFT Monopoly
Six Clovers, co-founded by Jim Nguyen and Nas Kavian, built on Algorand blockchain, bridges the gap between fiat and digital currencies. It enables organizations to do cross-border instant payments using digital currencies. The new company proposes an alternative to the widely used SWIFT classic protocol, which, according to SixClovers, relies on transfers between several intermediaries that can take days.