The society for worldwide interbank financial communication channels SWIFT on the background announcement coming in the November update of the Protocol standard has denied the information on plans for integration solutions blokey start-up Ripple to conduct cross-border money transfers.
Representative SWIFT in the comments of the Finance Magnates said that the upcoming release of the new standards on the SWIFT platform, the gpi has nothing to do with RippleNet, and includes tracking of gpi-payments for the tracking link in real time.
In addition, a source close to the two competing projects, conducted their own testing and confirmed that the question of their integration is not.
However, the rumors are fueled by several factors. For example, representatives of the Ripple this year participated in the SWIFT Sibos conference, and one of the members of the management Board resigned from HSBC in Ripple. According to another increasingly popular version, Ripple and SWIFT are connected through a common supplier, called the Temenos. But some analysts have linked the facts technical updates SWIFT on 21 September with a jump of prices for Ripple (XRP) in the same period. This week on the background of rumors about the integration with SWIFT, the XRP price has also risen from $0,464 to $0,565 per unit
We will remind, in the spring of this year, SWIFT published an analysis conducted proof of concept (PoC) for DLT solutions platform Hyperledger Fabric. The society noted the successful tests of the effectiveness of the use of distributed registers for matching of correspondent accounts held in “DLT-sandbox” with the participation of 34 banks, found that the solution previously spread on the entire interbank network.