Global payment system SWIFT has denied the spread in the network information that it can use a set of solutions American FINTECH startup Ripple in the implementation of cross-border remittances.
In a conversation with Finance Magnates, SWIFT spokesman said:
I don’t know where these rumors come from, but the next update of the standards does not affect RippleNet. Its main purpose is to ensure that all payments have a tracking link that will allow banks to track their gpi payments in real time.
SWIFT intends to update its Protocol standards this month and encourages all customers to join the updated SWIFT gpi payment platform. Against the background of this news, the network has information about the possible integration of RippleNet and xrapid payment solution based on XRP cryptocurrency into the SWIFT system, which would make them available to 4,000 banks around the world. In addition, Ripple participated in the recent Swift Sibos conference in Sydney, which some also took as an argument in favor of the above version.
However, a source familiar with the situation told Finance Magnates that neither SWIFT’s actions nor Ripple’s activity give reason to believe that this information can be confirmed.
However, XRP experienced an upturn amid the latest wave of rumors and even briefly became the second largest cryptocurrency, surpassing Ethereum in capitalization.