Banco Santander Joins SWIFT, Will Ripple (XRP) Follow Suit?

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Banco Santander Joins SWIFT, Will Ripple (XRP) Follow Suit?

Today’s announcement that Ripple’s (XRP) partner, Banco Santander, has gone live on SWIFT’s global payments innovation (gpi) service in Poland, Argentina, United Kingdom and Spain, has increased the expectations of Ripple’s (XRP) lovers that the firm and SWIFT may initiate a partnership.

Today’s Gazette earlier reported the lingering rumour that SWIFT and Ripple are cooking something awesome which they may announce during the SIBOS 2018 conference that is slated to hold between 22 Oct 2018 and 25 Oct 2018 in Sydney, Australia.

With the news that Santander is now live on SWIFT’s gpi, Ripple community sees a green light and a possible link between Ripple and SWIFT. This is because Santander and Ripple are great allies. Santander invented One Pay FX App survives on Ripple’s blockchain technology.

When the payment app was unveiled, Santander inferred that relating with Ripple builds on the bank’s “philosophy of collaborating with the most innovative companies” which will make them consistently provide better services to customers.

On joining SWIFT gpi, Santander believes it will now offer a rapid and frictionless cross-border payments service coupled with immediate payments tracking and transparency.

Will Ripple Join SWIFT?

With the partnership of Banco Santander and SWIFT, the question that remains in the mind of Ripple enthusiasts is that will the blockchain company join SWIFT, or will the two design a new technology for seamless cross-border payment?

Ripple (XRP) Intraday Price Analysis

The market is at the moment bearish. Almost all altcoins in the table are resonating along with the market leader, Bitcoin (BTC).

At the early hours of the Asian trading session today, the market which had been fairly stable for some day saw a massive dip, making most coins in the crypto market lose their value massively. Bitcoin which was earlier valued around $6566 at the end of the North American trading session fell low to around $6195 and it is now buoying $6249 market price after losing 4.63% of its value in the last 24 hours, according to Coinranking.

While there are only about 5 crypto coins, among the first 100, which add to their value in the last 24 hours, the cross remittance specialist Cryptocurrency, Ripple’s XRP, is down by 12.61% in the last 24 hours according to Coinranking.

After starting the last 24 hours priced $0.4680 against dollars, XRP/USD trade pair went down to as low as $0.4178 at mid Asian session after it began plunging at the early hours of the trading session.

At the start of the European trading session, the trade pair had plunged further reaching $0.4098 market price.

After losing about 12.6% of its value in the last 24 hours, trade pair XRP/USD is at the moment valued $0.4065 against dollars.

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