What Are The Implications For XRP If Ripple Captures 14% Of SWIFT’s Volume?
A recent analysis by a crypto market expert has reignited interest in XRP’s potential utility, especially in the context of Ripple capturing a portion of SWIFT’s global transaction volume. According to the expert, if Ripple secures just 14% of SWIFT’s market share, the implications for XRP’s supply and potential could be significant. XRP’s Potential If Ripple Takes On 14% Of SWIFT Market expert Crypto Eri has emphasized, through detailed mathematical calculations, the impact Ripple, capturing 14% of SWIFT’s total annual cross-border volume, could have on XRP’s supply and daily....
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XRP bulls appear to be facing one last test of conviction before the market’s next explosive phase, according to CryptoInsightUK’s video analysis released on 16 June. The British analyst argues that the token is sculpting an inverse head-and-shoulders formation whose right shoulder “still needs to form around the high-$1.80s” before any sustained rally can commence. How Low Must XRP Go? In the broadcast, he emphasised that “dense liquidity is below us,” pointing to a confluence of resting bids and stop-loss clusters between roughly $1.92 and $1.80. “I still think it comes down to make the....
Ripple and SWIFT’s battle for dominance is heating up, with an executive at the latter taking a dig at XRP, the bridge currency for the crypto firm’s payment service. The executive also explained why businesses are unlikely to trust Ripple despite the conclusion of the SEC lawsuit. SWIFT Executive Makes Criticism Against Ripple and XRP […]
Ripple competitor SWIFT has announced its plans regarding adopting the ISO 20022 standard and integrating blockchain technology into its operations. Furthermore, the firm suggested that it has no plans to launch a token, which could have competed with XRP. SWIFT Unveils Plans In Race Against Ripple And XRP In an X post, crypto commentator John […]
Long before blockchain, inter-bank communication platform Swift was working to modernize the way financial institutions do business. First published in 2004, Swift’s global standard ISO 20022 was collaboratively created by a consortium of six standards bodies also including the International Securities Association for Institutional Trade Communication and the Fix Protocol. The open standard is being designed so that when it is implemented in the coming years it will help members more accurately and efficiently communicate with each other, regardless of network or any number of advances in....
The North American Purpose Bitcoin ETF launch on Thursday saw massive demand, as more than $165 million in trade volume was recorded. In fact, the exchange-traded fund listed on the Toronto Stock Exchange (TSX) saw it’s first $80 million swapped during the first hour of trading sessions. Purpose Bitcoin ETF Captures $165 Million in Volume Just recently, the exchange-traded fund called the “Purpose Bitcoin ETF” was approved to be listed in Canada and proponents deemed it to be the “first” bitcoin-based ETF in North America. Bloomberg’s Claire Ballentine....