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Ripple Studied by Central Banks as Alternative to SWIFT—XRP Integration in Sight?

  • Central banks are considering Ripple as an alternative to SWIFT for facilitating international payments.
  • A joint research initiative by the European Central Bank and the Bank of Japan, called Project Stella, studied Ripple's DLT for cross-border transactions alongside SWIFT.
  • Ripple's instant settlement system through RippleNet offers faster, more transparent, and cheaper cross-border payments compared to SWIFT.
  • X Finance Bull's social media post hints at potential XRP integration in global financial systems, leading to price speculations amidst recent positive price movements.

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