SWIFT Taps Ripple Banks for Blockchain Pilot as XRP Faces Institutional Skepticism
SWIFT and Ripple-linked banks launched a blockchain payments pilot on July 9, marking a significant convergence between traditional banking infrastructure and distributed ledger technology. The move signals institutional appetite for blockchain-based cross-border settlement, though market reaction has been decidedly mixed, with XRP itself posting modest gains while institutional investors continued reducing exposure. The SWIFT Blockchain…
