Fact Check: Is SWIFT Teaming Up with Ripple for XRP Payments?

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.