XRP·SWIFT Integration?...Former Executive "That's not happening"

▲ Ripple (XRP) and SWIFT / ChatGPT Generated Image

A former key executive poured cold water on expectations that SWIFT would integrate or support XRP. Tom Zschach, who was responsible for SWIFT's digital asset strategy for six years, dismissed the persistent rumors of XRP integration with just two words.

According to cryptocurrency media outlet U.Today on July 10 (local time), Tom Zschach, former Chief Innovation Officer of SWIFT (Society for Worldwide Interbank Financial Telecommunication), denied claims on X (formerly Twitter) that SWIFT would integrate or support Ripple-linked cryptocurrency XRP. Zschach served as Chief Innovation Officer for six years, responsible for digital asset strategy, until he recently left SWIFT.

The controversy arose this week when some XRP influencer accounts spread claims about SWIFT's future cryptocurrency strategy. They asserted, without specific evidence, that SWIFT plans to support existing public tokens like XRP instead of developing its own token. One user claimed that SWIFT "has clearly stated that it has no intention of competing with projects like XRP and will cooperate and support them."

Zschach's response was short and firm. He stated, regarding the XRP integration claims, "That's not happening." He then jokingly asked X's AI service, Grok, to confirm whether SWIFT actually uses XRP. U.Today reported that no evidence has been presented to support the rumors of SWIFT's XRP integration.

Zschach has also publicly criticized XRP and Ripple technology in the past. He questioned XRP's real-world utility and level of decentralization, and even likened Ripple's technology to a "fax machine" in the modern internet era. He also argued that the fact that Ripple endured years of legal disputes with the U.S. Securities and Exchange Commission (SEC) does not necessarily prove its resilience in the institutional market.

After leaving SWIFT, Zschach joined researchers from Oxford, Harvard, and Cambridge to build new infrastructure combining artificial intelligence and traditional finance. Zschach, who built his career in traditional finance at institutions such as Bank of America, Barclays, and Lehman Brothers, clearly denied the rumors of SWIFT's XRP integration in his recent statement as well.

[Article Key Summary]

-Former SWIFT Chief Innovation Officer Tom Zschach stated "That's not happening" regarding rumors of SWIFT's XRP integration and support.

-Some XRP influencers claimed SWIFT's plan to support public tokens, but no related evidence was presented.

-Zschach has previously publicly criticized XRP's utility, level of decentralization, and Ripple's technology.

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