The XRP community has been buzzing with excitement over a potentially dated statement from a former SWIFT employee hinting at the integration of XRP with the SWIFT network.
Key points from the article:
- Former SWIFT Employee: In a recently unearthed interview, Graham Bright, who worked at SWIFT for over 20 years, commented on the potential role of XRP in SWIFT’s payment processing. The interview is at least three years old but gained attention within the XRP community.
- XRP’s Role in SWIFT: During the interview, Bright emphasized SWIFT’s role as the primary messaging system in the financial industry but acknowledged its limitations in real-time transactions and instant fund visibility. He mentioned that while crypto networks prioritize real-time movements of funds, he did not see cryptocurrencies entirely replacing SWIFT.
- Complementary Networks: Bright suggested that cryptocurrencies like XRP could serve as complementary networks, catering to institutions requiring real-time capabilities. He also hinted at the possibility of XRP being integrated into the SWIFT network, particularly for foreign exchange transactions.
- SWIFT’s Partnership: Despite the anticipation within the XRP community, a partnership between SWIFT and Ripple’s XRP network did not materialize. Instead, SWIFT partnered with Chainlink to explore the use of the LINK token for crypto payment processing.
It’s important to note that while the former SWIFT employee hinted at the potential integration of XRP with SWIFT, there has been no official confirmation or development in this regard. The XRP community’s excitement is based on this old statement, and any future developments would need to be officially announced by both parties involved.