๐๐ ๐ฆ๐ช๐๐๐ง ๐ฅ๐ฒ๐ฎ๐น๐น๐ ๐จ๐๐ถ๐ป๐ด ๐ซ๐ฅ๐ฃ ๐๐ผ๐ฟ ๐๐น๐น ๐ฃ๐ฎ๐๐บ๐ฒ๐ป๐๐? ๐๐ฒ๐ฟ๐ฒโ๐ ๐ง๐ต๐ฒ ๐ง๐ฟ๐๐๐ต
A viral claim is spreading that SWIFT has officially approved Ripple and XRP for all cross-border payments, saying $650 trillion will flow into the XRP Ledger, plus a huge token burn in 72 hours. Letโs see whatโs real and whatโs just hype.
โฌ Where did this come from?
It started with posts like:
โSWIFT AGREEMENT WITH RIPPLE TO USE XRP FOR CROSS BORDER PAYMENTS HAS BEEN APPROVED!!โ
Some added that billions of XRP will be locked or burned to push prices higher.
โฌ Fact check: No official deal
โ SWIFT has not announced using XRP for all cross-border payments.
โ Rippleโs CEO only predicted XRP might handle up to 14% of SWIFTโs volume in 5 years โ but thatโs just an estimate.
โ SWIFT is currently focusing on upgrades like ISO 20022, with no sign of moving all payments to XRP.
โฌ Will $650 trillion move to XRPL?
โ No evidence supports this. SWIFT does handle huge annual volumes, but thereโs no sign all that money will suddenly run through XRP.
โ Some banks already use XRP, mostly for remittances in developing markets, but on a much smaller scale.
โฌ Is a big XRP burn coming?
โ No official plan or announcement of a massive burn. XRPโs supply changes are controlled by Ripple and are not announced like this.
โ In summary:
SWIFT has not approved XRP for all payments.
The $650 trillion claim is exaggerated.
No big token burn is planned.
โ ๏ธ Conclusion:
Thereโs no official SWIFTโRipple deal to use XRP globally. Some tests and discussions may happen, but nothing is confirmed.