- Market analysts have dismissed the push for collaboration between Ripple SWIFT.
- Ripple is a solution that could potentially replace SWIFT..
Rumors have been circulating in the community about an alleged partnership between Ripple labs and SWIFT. Arthur, a market analyst and trader has shed light on this situation. dampened The idea of a possible collaboration between these two entities.
Arthur Dismisses Ripple and SWIFT Partnership
Discussions about a potential SWIFT integration have intensified since Ripple acquired Hidden Road.
We are a team of professionals who can help you. reported Ripple purchased Hidden Road (a prime brokerage firm) for $1.25billion earlier. Ripple is advancing its efforts to improve cross-border payments at a low cost and eliminate inefficiencies within the conventional financial system.
Arthur, who is also an XRP fan on the social media X platform, has cited several reasons as to why a Ripple-SWIFT integration appears impossible. He first pointed out that Ripple is a blockchain company, which aims to disrupt traditional finance. Ripple was positioned by him as being a faster, cheaper and more efficient SWIFT alternative and therefore cannot work with them.
Arthur commented on Ripple’s Hidden Road purchase, saying that the acquisition was made to accelerate Ripple’s vision for sovereignty rather than bridge it. Ripple is gaining access to traditional finance through the Hidden Road acquisition. It includes clearing, custody and foreign exchange without requiring SWIFT intervention.
Arthur says that the global geopolitical conflicts make SWIFT an effective tool to control countries, and especially sanction them. The result has been countries like Russia or China becoming SWIFT users. seeking SWIFT is not the only alternative to payment. Arthur praised XRP for being the solution to all of this chaos, as it offers a decentralized and censorship resistant system that is suitable for emerging market.
Ripple, the expert said further, is not trying to create a bridge with Traditional Finance (TradFi). TradFi companies are instead moving in masse to the Ripple Network. Arthur claims that Ripple’s main strategy is to lure institutions towards XRPL (RippleNet), RLUSD and XRPL. Ripple, he says, will become the main gateway for institutions through tools like Real-World Assets Tokenization (RWA) or smart liquidity routing.
Arthur concluded Ripple was not integrating SWIFT but rather building infrastructure that would make SWIFT unnecessary. He said that the Hidden Road purchase could make this goal a reality quickly.
What next? Views of other experts
Bill Morgan, XRP attorney and SWIFT expert Bill Morgan responded to XRP posts by sharing his view on a possible integration of Ripple with SWIFT. Morgan said he acknowledged Arthur’s points, but that there could be room for collaboration and even parallel usage.
He presented a scenario where Ripple’s XRPL infrastructure and RippleNet could be integrated with SWIFT on a complimentary basis. The viewpoint opens the door to co-operation, rather than total substitution.
CryptoArsenal on X has become another XRP member. argued Ripple is not a SWIFT replacement. He pointed out that the XRPL, like Bitcoin, is designed to function as a P2P network and cannot be used in place of SWIFT.
But in an earlier article, I explained how to do this. discussed John Squire, crypto influencer pointed out Ripple’s prior involvement with SWIFT to be a great background for a future partnership.
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Source: www.crypto-news-flash.com
