SWIFT CIO Debunks XRP Integration Rumor
The network said the ledger will use tokenized deposits for 24/7 cross-border payments, while a former executive dismissed XRP integration.
8 Articles
8 Articles
SWIFT Blockchain Ledger Goes Live With HSBC, Citi And 15 Other Banks, Raising Questions For (NYSE: XRP) And (NYSE: XLM) Cross-Border Plays
SWIFT (NYSE: XRP) (NYSE: XLM) officially launched its blockchain-based shared ledger on July 9, with 17 banks spanning six continents preparing to pilot around-the-clock tokenized cross-border payments. Participating institutions include HSBC, Citi, UBS, BNY, Wells Fargo, Standard Chartered, and BNP Paribas, representing some of the largest financial players in global capital markets. The system was designed and built in just nine months followi…
Former SWIFT Chief Innovation Officer Drops Bombshell On SWIFT Using XRP
Rumors linking SWIFT and XRP have circulated for years, often resurfacing whenever discussions around cross-border payments and blockchain technology gain momentum. However, the latest round of speculation has received another direct response from someone who previously helped shape SWIFT’s innovation strategy, offering a clear rebuttal to claims that the global financial messaging network plans to support XRP. Global news platform BSCN highligh…
Tom Zschach, former innovation director of SWIFT, flatly denied the rumors that ensured a future integration of XRP into the global financial messaging network. His response cools the speculation surrounding Ripple and reopens the debate about the utility of the XRP token. *** Tom Zschach, former innovation director of SWIFT, said that an XRP integration “is not going to happen.” Rumors circulated from influential accounts of the XRP community, …
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