SWIFT Refuses to Create Own Digital Assets, Boosts Support for XRP

A crypto researcher has unearthed comments from SWIFT's Tom Grainger that seem to support XRP. Grainger said that SWIFT won't generate its own digital asset, which is at odds with other cross-border payment services like Ripple.

Grainger explained that SWIFT's role is to provide infrastructure for banks to issue assets in alternative formats, but the company doesn't want to compete with them by creating its own tokens. This means that SWIFT will continue to support tokens like XRP, as seen with its GPI service.

The news is significant for XRP holders, as it removes a theoretical overhang that had been weighing on the asset's price. However, it doesn't confirm any partnership or technical integration between SWIFT and Ripple.