Recently, the Ripple and XRP communities have been actively discussing the potential collaboration with financial giant SWIFT. Vincent Van Code, a prominent software developer, made a statement that could change the global financial system.
Possible Collaboration Between SWIFT and Ripple
Van Code suggested that SWIFT might announce its intention to use Ripple and XRP as an alternative settlement layer for interbank payments. This statement ignites new speculation about Ripple's growing influence in traditional finance.
XRP's Role in Real-Time Settlements
Ripple offers solutions for real-time interbank payments using XRP as a bridge asset. The On-Demand Liquidity (ODL) technology eliminates costs associated with traditional settlements, making Ripple attractive to financial institutions.
Significance of Van Code's Statement for the XRP Community
Van Code's assertion regarding possible collaboration between SWIFT and Ripple highlights changes in the global financial system. For the XRP community, possible support from SWIFT would validate their belief in the long-term utility of XRP and a potential shift towards mass adoption.
While SWIFT has not confirmed any intentions, Van Code's statements emphasize potential changes in the approaches of traditional financial institutions towards modern technologies like blockchain and digital assets.
