SWIFT Denies Rumors of Integration with RippleNet

[ChainDD report] November7 (ChainDD) A spokesman of the Society for Worldwide Interbank Financial Telecommunications (SWIFT) told Finance Magnates that rumors about SWIFT’s network upgrade will include Ripple’s blockchain product RippleNet is untrue.

The spokesman said though unsure of where the rumor came from the upcoming standard SWIF will release has nothing to do with RippleNet.

According to another source of Finance Magnates, having checked with both SWIFT and Ripple, no evidence could show SWIFT’s network will integrate with RippleNet.

ChainDD’s previous brief news said that Sagar Sarbhai, head of Ripple’s regulatory relations in the Asia-Pacific and Middle East regions, predicted in September that xRapid, the only product Ripple uses XRP cytpocurrency for settlement, could go live as soon as a month later. Twelve banks have participated in its trial and it worked well.


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