SWIFT Transaction Volume Plunges 15% as Ripple’s XRP Ledger Activity Explodes in Payment Revolution ⋆ ZyCrypto
The post SWIFT Transaction Volume Plunges 15% as Ripple’s XRP Ledger Activity Explodes in Payment Revolution ⋆ ZyCrypto appeared on BitcoinEthereumNews.com. Advertisement     Payment giant SWIFT has seen a significant decline in its transaction volume—a new development that coincides with a surge in transactions on the XRP ledger. The XRP ledger is gaining momentum as demand continues to surge, as evidenced by the increase in network activity, particularly the significant rise in transaction volume. The cross-border payment giant has seen an increase in bullish sentiment, validating the notion that it is bound to go mainstream in the long term. On the other hand, SWIFT is experiencing a decline in transaction volume, with a 15% drop recorded, according to a report from crypto analyst Paul Barron. The new development may be due to other unknown factors, but crypto market players suggest it could point to a more significant shift, a change in approach to global payments. The development positions Ripple as a go-to platform with the capacity to enable long-term scalability, utility, and valuation. Additionally, the XRP ledger is emerging as a bridge between the traditional finance world and the digital currency ecosystem. SWIFT to turn to Ripple for long-term utility, says industry player Although Ripple has emerged as a strong competitor, especially after capturing 15% of SWIFT’s trading volume, one market participant believes that SWIFT could utilize Ripple in the long term. Advertisement   Software developer and outspoken crypto market player Vincent Van Code made a big declaration, stating that SWIFT might adopt Ripple as an alternative settlement platform. “The big surprise will be when SWIFT announces it will use Ripple/XRP as an alternative settlement for interbank payments. You don’t always have to destroy your opposition. Just scare them enough to make sure they play with you.” He wrote. He proceeded to assert that Ripple could fix the underlying problems of SWIFT, “…know this is no conspiracy, but…
The post SWIFT Transaction Volume Plunges 15% as Ripple’s XRP Ledger Activity Explodes in Payment Revolution ⋆ ZyCrypto appeared on BitcoinEthereumNews.com.
Advertisement Payment giant SWIFT has seen a significant decline in its transaction volume—a new development that coincides with a surge in transactions on the XRP ledger. The XRP ledger is gaining momentum as demand continues to surge, as evidenced by the increase in network activity, particularly the significant rise in transaction volume. The cross-border payment giant has seen an increase in bullish sentiment, validating the notion that it is bound to go mainstream in the long term. On the other hand, SWIFT is experiencing a decline in transaction volume, with a 15% drop recorded, according to a report from crypto analyst Paul Barron. The new development may be due to other unknown factors, but crypto market players suggest it could point to a more significant shift, a change in approach to global payments. The development positions Ripple as a go-to platform with the capacity to enable long-term scalability, utility, and valuation. Additionally, the XRP ledger is emerging as a bridge between the traditional finance world and the digital currency ecosystem. SWIFT to turn to Ripple for long-term utility, says industry player Although Ripple has emerged as a strong competitor, especially after capturing 15% of SWIFT’s trading volume, one market participant believes that SWIFT could utilize Ripple in the long term. Advertisement Software developer and outspoken crypto market player Vincent Van Code made a big declaration, stating that SWIFT might adopt Ripple as an alternative settlement platform. “The big surprise will be when SWIFT announces it will use Ripple/XRP as an alternative settlement for interbank payments. You don’t always have to destroy your opposition. Just scare them enough to make sure they play with you.” He wrote. He proceeded to assert that Ripple could fix the underlying problems of SWIFT, “…know this is no conspiracy, but…
What's Your Reaction?
