During the major SWIFT Sibos event, discussions showed that banks are carefully testing Ripple's XRP technology. SWIFT experts talked about using the XRP ledger in pilot programs to verify its speed, security, and suitability for their payment systems.
Currently, SWIFT is focusing on global standards such as ISO 20022, but it is also exploring new ways to improve cross-border payments.
XRP from Ripple is seen as a potential tool for providing on-demand liquidity, although strict rules regarding regulations and compliance are still in place.
Ripple leaders have also clarified that there is no official global partnership with SWIFT yet.
The key takeaway is that SWIFT and banks are seriously considering Ripple, and although it is not a partnership today, discussions and tests are progressing.
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