🚨 TSUNAMI OF PAYMENTS! SWIFT Launches Its Own Blockchain and Collapses the Narrative $XRP of Replacement 💔
The main point is a game-changing institutional shift! The narrative that XRP would replace or be used by SWIFT has officially collapsed 📉. The global financial messaging giant is reinventing itself and launched its own shared ledger based on blockchain.
✨ The SWIFT Movement (The Direct Threat) 🏦
🔸New Leadership: SWIFT unveiled plans to add a blockchain ledger to its infrastructure, backed by over 30 heavyweight global financial institutions (JPMorgan, HSBC, Santander!) 🤝.
🔹The Technology: This prototype, designed with Consensys, will offer a real-time record of cross-border transactions, governed by smart contracts and seeking interoperability with existing fiat rails ⚙️.
🎯The Thesis Destroyed 💣
For years, Ripple has marketed $XRP as the fastest and cheapest alternative to SWIFT. However, with SWIFT now launching its own blockchain solution, the replacement argument is facing brutal headwinds.
📢 Community Reactions:
Experts from the Chainlink community and other observers claim that SWIFT has "literally destroyed the Thesis of $XRP ".
🚨The criticism is direct: It is unrealistic to expect trillion-dollar institutions to voluntarily relinquish control. Instead, they are upgrading their own infrastructure and maintaining control over the market 👑.
The reality that is unfolding is that institutions are adopting blockchain, but they are doing so on their own terms. Huge debate ahead! 🌊
