SWIFT Questions XRP’s Role in Bank Settlements, Spark Debate in Fintech Industry

SWIFT’s Chief Innovation Officer, Tom Zschach, has raised concerns about the use of Ripple’s XRP for bank settlements, questioning its viability in a changing financial landscape. This statement triggered industry discussions around blockchain technology’s role compared to traditional systems. While XRP saw a slight price dip after Zschach’s remarks, analysts are closely watching the potential long-term impact of this debate on institutional adoption and regulatory frameworks.