Tom Zschach, former SWIFT Chief Innovation Officer, has denied rumors that SWIFT plans to integrate or support XRP in its global financial messaging network. While SWIFT is developing a blockchain-based payment system focusing on tokenized bank deposits and cross-border payments, it has not named XRP as a settlement token. Some banks involved in SWIFT's blockchain pilot have ties to Ripple, but this does not confirm XRP adoption. Zschach emphasized that SWIFT's project centers on regulated bank assets, not public cryptocurrencies like XRP, and dismissed claims of XRP integration as unfounded.
XRP has seen a significant drop in open interest (OI) from over $1 billion in May to around $773.5 million, indicating reduced trader activity and lower demand. Binance's XRP reserves also fell, suggesting less selling pressure but no strong buying i...
XRP surged past the $1.10 resistance level, gaining 1.8% to reach $1.1065 on increased trading volume, signaling renewed retail interest as futures open interest rose to 2.14 billion XRP. Despite this, institutional investors remain cautious, with sp...
Tom Zschach, former Chief Innovation Officer at SWIFT, has firmly denied rumors that SWIFT plans to integrate or support the Ripple-linked cryptocurrency XRP. The speculation arose from claims that SWIFT would collaborate with public tokens like XRP ...
XRP surged past its recent resistance at $1.10 on a late-session volume spike, reaching $1.1065 and maintaining gains near session highs instead of falling back. This breakout, supported by increased trading volume, suggests $1.10 is now a key suppor...
The Japanese yen surged sharply due to fears of Bank of Japan intervention and rising wholesale inflation, causing Bitcoin and other major cryptocurrencies to underperform in yen terms compared to their USD trading pairs. The yen jumped to 161.55 per...
