SWIFT, the interbank financial messaging system, quashed the rumors of its integrating with Ripple.
Speculation Led to XRP Price Jump
The Society for Worldwide Interbank Financial Telecommunication (SWIFT) network has distanced itself from rumors of it helping Ripple’s price to surge.
Recently, reports were circulating on the internet that SWIFT, in its upcoming upgrade, would make Ripple’s products available to 4,000 new banks.
It was claimed that the Ripple community got excited by the rumors and the price of XRP surged based on the speculation. XRP briefly overtook Ethereum to claim the second slot
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