New SWIFT and Ripple Partnership Insight Could Skyrocket XRP Coin Price

[MUGNIA]

Ripple has been gaining in popularity recently and its latest partnership may be another boost to its reputation. Rumors are brewing that SWIFT, a popular money transmission system, will be replaced by Ripple.

Ripple recently attended the Sibos Conference, a SWIFT-organized event held in Sydney. Sibos is an opportunity for the most important exponents in the finance industry to discuss areas of development and the technology applied to the economy.

Ripple has maintained exponential growth and has established a strategic partnership with several banks, actions which are fueling replacement rumors. The announcement of xRapid’s launch and the fact that several global clients are already using it shows that Ripple is at a clear advantage. It is also important to recognize that neither Ripple nor SWIFT announced interest in working together.

SWIFT is also currently very interested in blockchain technology, which will increase the effectiveness of its performance. SWIFT’s interest in such technology is not new – in early 2015, the platform announced that it would provide financial support for Linux and the support led to the hyperledger project, a platform “sponsored” by SWIFT.

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