Social media is buzzing with claims that SWIFT is close to integrating XRP into its cross-border payment system. Some reports even suggest that billions of XRP are locked in escrow as liquidity reserves. If true, this could be a game-changer for global finance.
But is there any truth to these claims, or is it just another wild crypto rumor? Here’s what’s really going on.
Watcher.Guru, a cryptocurrency news platform that first shared the rumor, later revealed that its account had been hacked. The platform clarified, “Our X account has been hacked, and the previous post (now deleted) was posted by a hacker.”
Crypto analyst Egrag Crypto found the situation amusing and strange. First, a big XRP announcement appeared. Then, related accounts were hacked, recovered, and deleted—only for Watcher.Guru to return with a statement about the hack. The bizarre sequence of events left many in the crypto community skeptical and entertained.
The XRP community has long debated whether Ripple’s technology could replace SWIFT in global finance. Supporters argue that XRP offers faster transactions, lower fees, and better liquidity management compared to traditional banking systems.
However, major challenges stand in the way. SWIFT currently connects over 11,000 financial institutions worldwide, making it the dominant network for global transactions. For XRP to replace it, banks and financial institutions would need to adopt Ripple’s technology on a large scale. Additionally, regulatory issues remain a major roadblock. While XRP has clear advantages, the idea of it taking over SWIFT is still speculative, with no confirmation from either Ripple or SWIFT.
Despite doubts, some believe a collaboration between Ripple and SWIFT could revolutionize cross-border payments. Ripple CEO Brad Garlinghouse has hinted at such possibilities in the past, fueling optimism among both crypto and banking sectors.
If XRP is used in escrow as a liquidity reserve, it could ease concerns about price volatility. However, SWIFT remains cautious about cryptocurrency adoption, and regulatory challenges persist. If a partnership does happen, it could drive XRP’s adoption and value higher—but technical and integration challenges would still need to be solved.
SWIFT might not be going anywhere just yet, but if Ripple finds a way in, the global payments game could change faster than we expect.
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