EX-SWIFT CEO: “A Big Part of Ripple’s Value Proposition is the Crypto XRP.”
Main Idea
Former SWIFT CEO highlights Ripple's XRP as a key value proposition for cross-border payments, while regulatory clarity and the resolution of the SEC case against Ripple may pave the way for potential SWIFT integration.
Key Points
1. Former SWIFT CEO Gottfried emphasized that a significant part of Ripple's value proposition is its cryptocurrency XRP, especially for cross-border transactions.
2. Legal and regulatory barriers have been a major obstacle for SWIFT's adoption of XRP and other cryptocurrencies, with clarity needed for integration.
3. Ripple Labs and the SEC jointly filed for dismissal of their appeals, marking progress in resolving legal uncertainties surrounding XRP.
4. SMQKE suggests that the resolution of the SEC case and evolving U.S. regulations create a more favorable environment for potential XRP integration with SWIFT.
5. The post references the former SWIFT CEO's comments and the SEC case outcome but does not confirm any immediate plans for SWIFT to adopt XRP.
Description
Crypto researcher SMQKE has shared comments from the former SWIFT CEO Gottfried Leibbrandt regarding Ripple and its use of XRP. In the referenced statement, Leibbrandt noted that a significant part of Ripple’s value proposition is tied to the cryptocurrency XRP. He explained that while banks can see potential in the technology, they have been hesitant to convert funds into cryptocurrencies due to market volatility. He said this cautious stance is common among risk-averse institutions, which pref...
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