Ripple acquired the company Reel, known for its expertise in stablecoins, for $200 million, attracting significant attention from the XRP community. According to SMQKE, a cryptocurrency research firm, a screenshot published online shows Tom Zshash, Chief Innovation Officer at SWIFT, commenting on the deal in a discussion on LinkedIn.
The discussion began when Franz Steinbeib wrote about the deal titled "Has the corporate payments race ended? Ripple is defeated for $200 million." In the shared screenshot, Zshash wrote: "Another decisive moment," before adding that the race "is not over yet," but the path is "a bit congested." It was reported that he described it as a good move, noting that the judges are still in the deliberation phase.
SMQKE's post on social media highlighted the importance of this comment, given SWIFT's central role in the global payment network. The said comment quickly became a hot topic of discussion among XRP supporters and industry specialists.
Different interpretations of the mentioned Zshash statement
User X Netzbox argues that the quotes around the term "checkmate" are synonymous with sarcasm, suggesting that Zshash hints at a familiar motive exaggerated by commenters to settle some developments. In this interpretation, the phrase "another checkmate" represents a sarcastic mockery of the repeated claims of the competition's end.
For his part, Sean De Jong views this statement as an acknowledgment that Ripple is taking a series of strategic steps. He also connects his comment to previous events, suggesting that Ripple's acquisition of Reel could enhance Ripple's capabilities in cross-border transactions and its integration with ISO 20022 standards.
For the XRP community, this quoted comment reinforces the belief that Ripple's actions are under the scrutiny of market giants. Whether this comment is sarcastic or serious, it exacerbates the ongoing competition between Ripple and SWIFT in the high-value payments sector.
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