The collaboration between SWIFT and R3 aims to integrate SWIFT’s gpi into R3’s Corda platform, leveraging XRP as an intermediary for liquidity.
The inclusion of XRP in this proof of concept signals its potential role in mainstream financial systems.
The partnership between SWIFT and R3 seeks to create a more efficient settlement layer for DLT-based ecosystems and enhance interoperability between traditional financial systems and blockchain networks.
XRP may play a crucial role as a settlement asset and enhance liquidity between various fiat currencies on the Corda platform.