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SWIFT and Ripple Partnership: Reality or Rumors?

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by Giorgi Kostiuk

7 days ago


News about a potential collaboration between SWIFT and Ripple stirred the market, but it was quickly deleted citing a hack. This event led to speculations among market participants.

Deleted News of Partnership

Initial news about a potential collaboration between SWIFT and Ripple for international payments spread through WatcherGuru. The rumors spoke of using XRP for cross-border payments, with billions of XRP in escrow to ensure liquidity. However, this post was soon deleted, leading to numerous questions.

OMG IS THIS TRUE? SWIFT NEARING AGREEMENT WITH RIPPLE TO USE #XRP FOR CROSS-BORDER PAYMENTS, WITH BILLIONS OF XRP SECURED IN ESCROW AS LIQUIDITY RESERVES!

Reaction to Hack

Following the deletion, WatcherGuru claimed their account was hacked, causing the removal of the publication. This news raised questions about the credibility of the information and was seen as an attempt to hide a premature leak.

Looks like @WatcherGuru twitter was hacked.

Impacts on XRP

Regardless of speculations surrounding SWIFT and Ripple collaboration, the token XRP showed market resilience with a 6.21% weekly price increase. Ripple's victory in the SEC case could accelerate its growth in partnerships with financial institutions.

The situation around a potential SWIFT and Ripple collaboration caught the investors' attention and led to market speculations. Despite uncertainties, XRP shows resilience and may continue to strengthen its positions.

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