Fact Check: Is SWIFT Teaming Up with Ripple for XRP Payments?
Main Idea
A viral claim about SWIFT approving Ripple and XRP for all cross-border payments is false, with no official agreement or evidence supporting the $650 trillion inflow or a major XRP token burn.
Key Points
1. The claim originated from a CryptoGeek headline and a Binance user post, suggesting SWIFT approved Ripple and XRP for cross-border payments, with $650 trillion flowing through XRPL and a major token burn in 72 hours.
2. SWIFT has not announced any agreement to use XRP for all payments, and Ripple's CEO's prediction about XRP handling 14% of SWIFT's transaction volume by 2025 is not an official approval.
3. The $650 trillion figure is highly exaggerated and unsupported by SWIFT or Ripple, with no evidence of such an inflow into XRPL.
4. There is no official announcement or evidence of a major XRP token burn happening in the next 72 hours.
5. Coinpedia's fact-check confirms no official deal exists for SWIFT to use XRP for global payments, advising skepticism toward viral claims.
Description
The post Fact Check: Is SWIFT Teaming Up with Ripple for XRP Payments? appeared first on Coinpedia Fintech News A viral headline is making waves across crypto communities, claiming SWIFT has officially approved Ripple and XRP for all cross-border payments, touting a staggering $650 trillion to flow through the XRP Ledger (XRPL) and a massive token burn in the next 72 hours. These explosive claims are spreading fast across social media and crypto forums. But how much of it is true? In this fact-c...
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