XRP Army Rejoices As SWIFT Makes Bullish Statement about Ripple
Main Idea
A SWIFT executive's comment on Ripple's acquisition of Rail has sparked excitement in the XRP community, seen as a recognition of Ripple's growing influence in cross-border payments.
Key Points
1. A senior SWIFT executive, Tom Zschach, commented on Ripple's $200 million acquisition of Rail, calling it 'another checkmate moment' but noting the competition is increasing.
2. The XRP community interpreted the SWIFT executive's remark as an acknowledgment of Ripple's strategic progress in cross-border payment infrastructure.
3. Ripple's acquisition of Rail, a stablecoin-focused company, is seen as part of its broader strategy to compete with SWIFT in messaging and ISO 20022 standardization.
4. The comment was highlighted by researcher SMQKE and discussed by X users, with some interpreting it as a sign of Ripple's rising prominence in the payments sector.
Description
Crypto researcher SMQKE has drawn attention to a LinkedIn exchange involving a senior SWIFT executive in response to Ripple’s recent acquisition of Rail, a company described as a stablecoin powerhouse. The deal, valued at $200 million, was highlighted in a post by Franz Steinbeib under the headline, “The End of the B2B Payments Race? Ripple’s $200M Checkmate.” In the comments section, Tom Zschach, identified as Chief Innovation Officer at SWIFT, wrote, “Another ‘checkmate’ moment.” Zschach follo...
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