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SWIFT Chief Announces Trial DLT Integration With R3

Well, early this morning the MIC was dropped.  First reported by CoinDesk, SWIFT CEO Gottfried Leibbrandt’s has announced a proof of concept with R3 Corda platform.  This is groundbreaking news as this came out of left field.  The XRP community including myself always talked about a SWIFT/Ripple partnership but never did you hear the rumblings in the background of SWIFT/R3.  So what does this exactly mean.  R3 Corda settles with XRP as its base currency as of now.  This could possibly change down the line but as of right now XRP is the base and will be used.

Folks, I am here to tell you this will be the biggest news of 2019 that we will hear in regards to XRP usage if the proof of concept works correctly.  We have been saying the world will be powered by Ripple but now we are here to change it slightly.  The world will be powered by XRP.  The only bigger piece of news that could have come from the Fin-Tech Conference was a direct partnership with Ripple but R3 is just as good.

Speaking on stage at the Paris Fintech Forum this morning, SWIFT CEO Gottfried Leibbrandt said: “Later today we are announcing integration with R3.”

R3 said XRP is the first globally recognized cryptocurrency to be supported by Settler, bringing the Corda and XRP ecosystems into closer alignment – something of a rapprochement considering Ripple and R3 was previously locked in a legal dispute.

David E. Rutter, CEO of R3, said in a statement: “Following the recent launch of our Corda Settler, allowing for the payment of obligations raised on the Corda platform, it was a logical extension to plug into SWIFT gpi. SWIFT gpi has rapidly become the new standard to settle payments right across the world. All the blockchain applications running on Corda will thus benefit from the fast, secure and transparent settlement provided through the SWIFT gpi banks.”

This is the kinda deal we as XRP holders have dreamed about.  SWIFT new GPI will begin its testing with R3 Corda which settle in XRP.  Let’s be honest in order for SWIFT to remain relevant something had to be done, something that would speed up there transaction times, there security, their traceability and we got the answer last night: XRP

All the stars are aligning and XRP is preparing for takeoff.  Get your big boy pants on and let’s get ready to take flight.

SWIFT Official Press Release


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