CandleFocus XRP Highlighted in SWIFT’s Recent Collaboration: What’s at Stake?
2024-09-24
Author: Content Editor
The recent collaboration between SWIFT and R3 has sparked interest within the blockchain and crypto communities, as it could have implications for Ripple's XRP cryptocurrency. The partnership aims to integrate SWIFT's global payments innovation (gpi) into R3's Corda platform, creating a more efficient settlement layer for blockchain ecosystems. While the proof of concept has not yet been commercialized, there are discussions around the potential adoption of digital assets like XRP in traditional financial infrastructures. The inclusion of XRP in the proof of concept suggests its role as a settlement asset within the system, potentially enhancing liquidity between fiat currencies on the Corda platform. SWIFT has also announced its intention to facilitate the settlement of digital asset transactions and explore the settlement of tokenized assets and central bank digital currencies (CBDCs) in the future.
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