SWIFT Referenced in XRP Use Without Formal Ripple Partnership

A social media post highlights that SWIFT may indirectly utilize XRP without establishing a direct partnership with Ripple.

XRP

Summary

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Terms & Concepts
  • SWIFT: The Society for Worldwide Interbank Financial Telecommunication, a global messaging network used by banks to securely transmit financial transaction information.
  • XRP: A digital asset created by Ripple Labs, designed for fast and low-cost international money transfers.
  • Ripple: A blockchain-based payments company that develops solutions for cross-border transactions, including the use of the XRP token.