The XRP community was recently treated to an exciting update that could potentially boost the value of the coin in the short term. According to a recent report, Ripple, the blockchain company behind XRP has integrated its services into Swift, a leading global payment infrastructure.
Meanwhile, the price of XRP exhibited sharp fluctuation this week, crashing below the $2 mark before rebounding to its current rate of $2.5. While investors hope for a major rally ahead, key partnerships could be the catalyst toward more rapid growth.
Also Read: SEC Moves Closer to Approving ETFs for XRP, Solana, and Litecoin
XRP, the Bridge Currency of Tthe Future
Alessio Meloni, a crypto enthusiast, shared the news on X (formerly Twitter), announcing that the blockchain giant Ripple has incorporated its technology into Swift through the EastNets’ PaymentSafe product.
He noted that XRP can now move easily across Swift’s network with this product, creating room for increased adoption and more use-case. Moreover, Meloni emphasized XRP’s features, adding that the ISO 20022-compliant asset would help to enable faster and more secure cross-border payments.
Ripple-Swift integration model | Source: Alessio Meloni/X
The integration underscores Ripple’s ongoing effort to expand its services globally, gradually positioning XRP as the bridge currency of the future. Additionally, the introduction of XRP into the traditional payment system will increase its efficiency, transparency, and speed.
XRP Lawsuit Situation Looks Promising
While Ripple works around the clock to secure major partnerships to boost XRP’s adoption, the hanging lawsuit with the Securities and Exchange Commission (SEC) has cast a shadow over the token’s growth.
However, things look promising as a major update within the regulatory body has sent optimism across the XRP community. In a previous post, 36crypto reported that the SEC recently reassigned key attorneys involved in the Ripple lawsuit, triggering speculation of an imminent resolution between both parties.
Precisely, SEC litigator Jorge Tenreiro was moved to its IT department. Tenreiro previously oversaw the Division of Enforcement’s lawsuits and investigations but has now taken a new position at the computer systems management office.
This major shake-up has boosted speculations, as pundits guess that a major announcement concerning the Ripple lawsuit may be heard soon. Natasha Guinan, a senior lawyer in the chief accountant’s office, was also reassigned to an unknown role.
These adjustments come against the backdrop of an administration shift within the SEC. Recall that Mark Uyeda is now overseeing the commission as the acting chairman while Trump’s nominee, Paul Atkins, awaits Senate approval.
Ultimately, Ripple’s integration with Swift marks a significant step toward mainstream adoption of XRP, enhancing its role as a bridge currency for global payments. Coupled with the SEC’s internal shake-up, which hints at a possible resolution to the lawsuit, XRP’s future looks increasingly promising.
Also Read: Ripple (XRP) Lawsuit Resolution Loading? Here is What Happened
