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XRP Recogn...
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XRP Recognized by SWIFT as a Bridge Currency for 11,000+ Banks

  • XRP has been recognized by SWIFT as a bridge currency, with SWIFT mentioning XRP as an option for a bridge currency between its participants.
  • SWIFT is an interbank messaging platform that connects over 11,000 banks globally and facilitates $150 trillion in transfers annually.
  • Initially viewed as rivals, XRP and SWIFT now work together, with SWIFT providing legacy finance connections while XRP offers technology.
  • XRP's low fees and fast transactions make it a leader in revolutionizing global fund transfers, but complete system overhaul takes time to ensure compliance with financial regulations.

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